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Need Emergency Funds? Magical Credit Offers Emergency Loans In Alberta!


Emergency Loans For Bad Credit Applicants In Alberta

Life is full of unexpected twists and turns. From basement floods to car accidents, the cost of unforeseen expenses can leave you in a financial pickle.

Fortunately, if you live in Edmonton, Calgary, or anywhere else in Alberta, a Magical Credit emergency loan can help you cover the cost of any unforeseen expense. Magical Credit is a high-risk lender specializing in emergency loans for applicants with bad credit.

Unlike banks, we determine your eligibility based on your full credit history, not your credit score. Best of all, if you need emergency funds, Magical Credit can approve you in as little as one business day!

If you need an emergency loan in Alberta, but aren’t sure you can keep up with the loan repayment terms, you can plan your monthly loan payment schedule with our short-term, personal loan calculator!

I want to borrow:


Why You Might Need An Emergency Loan In Alberta

  • Unexpected Unemployment – Losing your job is stressful. For many, unemployment benefits and personal savings are barely enough to cover bills and necessities. An emergency loan can provide your family the financial security until you find your next job.
  • Long-Distance Family Emergencies – In the case of an unforeseen event, traveling to another province or country to visit your family is difficult, especially if you don’t have the funds. Thankfully, an emergency loan from Magical Credit can help cover the cost of travel and accommodations.
  • Home Renovations/Repairs – Don’t let overdue renovations and repairs diminish the resale value of your home. Use an emergency loan to fix leaks, scratches, and cracks before your home’s value hits rock bottom.
  • Debt Consolidation – Time is money – don’t waste it by keeping track of all your little bills. Consolidate your debts into one easy to manage monthly payment with an emergency loan today!

FAQs - Emergency Personal Loans In Alberta

I've completed my emergency loan application this morning, how long does it take to receive an email confirmation?

Our emergency loan applications are processed within one business day. You’ll hear back from us within 24 business hours.

If you offer bad credit emergency loans, is approval guaranteed?

Even though we offer emergency loans to bad credit applicants, we can’t guarantee approvals for any of our loans. If you’ve previously defaulted on a consumer proposal, have loans in collections, or recently filed for bankruptcy, you won’t be eligible for any of our loans.

I have bad credit—can you help me?

Yes, Magical Credit specializes in emergency loans for bad credit applicants in Alberta. Unlike banks, we don’t evaluate candidates solely on their credit score; instead we determine their eligibility based on their credit history.

How do I know if I’m eligible for your loans?

If you’re receiving a minimum of $600.00 monthly, and your income is direct deposited into your bank account, you may qualify for an emergency loan with us.

I live in Edmonton, does your monthly interest rate vary across the province?

No, we offer a 3.9% monthly interest rate for all provinces eligible for our bad credit loans.

Is it just a ‘no’ if I can’t get approved for the amount I applied for?

We’ll let you know if you qualify for a smaller emergency loan, too.

Need an emergency loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our short-term, personal loan calculator!

Loan Example

1 Year
Interest Rate (46.8%)
Total Cost of Borrowing
Total Due End of Term
NOTE: You can pay off your loan at any time with no penalty. You will only pay interest up to the date you borrow it.

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