Need to cover an unforeseen expense? Apply for an Emergency Loan in British Columbia today!

Apply Now

Bad Credit, Emergency Loans in British Columbia

Just when life seems smooth, an unexpected expense rears its ugly head, throwing your financial life in limbo. Whether you need fast cash to pay off utility bills or to refill your medical prescription, an emergency loan from Magical Credit can help cover the cost of unforeseen expenses.

Magical Credit specializes in emergency loans for British Columbians with less than perfect credit. Unlike payday loan companies, we offer open loans— meaning you won’t be penalized with a premium for paying off your loan early.

Best of all, our emergency loans in British Columbia can be approved in as little as 5 minutes!

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

I want to borrow:

< $2000 >
$500
Min
$10,000
Max

Why Apply for an Emergency Loan in British Columbia?

  • Automotive Expenses – If you live in Vancouver but work in Victoria, a car is a must-have. If your car engine decides to die mid-commute, our emergency loans can ensure you’re back on the road in no time.
  • Dental Expenses– Whether you chipped your tooth or desperately need a root canal, don’t let bad credit compromise your oral health. An emergency loan from Magical Credit can cover your dental expenses, helping you preserve that beautiful smile.
  • Home Renovations/Repairs – Don’t let a leak turn into a flood. An emergency loan can help fix leaks, cracks, and scratches before they become expensive problems.
  • Medical Expenses – Did you know that 1 in 10 Canadians can’t refill their medical prescriptions due to sky-high pharmaceutical prices? An emergency loan from Magical Credit can ensure you never miss out on your doctor-recommended medication.

FAQs - Emergency Personal Loans in British Columbia

I don't have a bank account, am I still eligible for an emergency loan?

Sorry, we are unable to offer loans to clients who don’t have a valid Canadian bank account.

I live in Washington, Oregon, can I still apply for an emergency loan?

Unfortunately, at this moment we only offer bad credit loans in Canada.

If I’m struggling to pay off my emergency loan, can I receive an extension?

Sorry, Magical Credit is unable to offer any extensions on our loans.

I’m currently out of work, am I still eligible for a bad credit emergency loan?

Yes. We accept traditional and non-traditional sources of income as long as you receive a monthly income of at least $600 to your bank account via direct deposit. If you’re currently unemployed and receive a government subsidy such as EI, you will be eligible for a loan.

I only need $200 to pay off my utility bill, is $500 the smallest emergency loan you offer?

Yes, our loans start at $500.00, going as high as $10,000. The amount you receive depends on your income and credit history.

Can I apply for a bad credit, emergency loan in Victoria?

Yes, you can be eligible for a bad credit emergency loan in Victoria, Vancouver, or anywhere else in British Columbia. The only places we don’t lend to are Quebec and Manitoba.


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!

Our loans are considered short-term loans and have up to a 12-24 month term with an interest rate of 3.9% per month.
Loan Example
Term
1 Year
APR
56.50%
Amount
$2,000.00
Fees
$194.00
Interest Rate (46.8%)
$936.00
Total Cost of Borrowing
$1,130.00
Total Due End of Term
$3,130.00
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.
Terms and Conditions: (APR 23% min - 59.7% max) Loan amortization is between 12-24 months. Loan must be paid in full by the end of term, no extensions or exceptions, no automatic renewals. Failure to pay your debt on time with impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureau.