Emergency Personal Loans for Bad Credit Applicants in Nunavut

Apply Now

Emergency Personal Loans in Nunavut

All the savings in the world can’t account for the random accidents, missteps, and misfortunes that come your way. It’s impossible to be prepared for everything.

If you’ve experienced a personal catastrophe, take out a personal loan from Magical Credit for emergency funds. We specialize in emergency loans—especially for applicants who have poor credit or collect a low income.

Misfortunes cost a fortune! Apply for an emergency loan and plan your monthly loan payment schedule with our short-term, personal loan calculator!

I want to borrow:

< $2000 >
$2,000
Min
$10,000
Max

What Can Emergency Funds in Nunavut Be Used For?

  • Job Loss – You may have the work ethic of J.D. Rockerfeller—but if you lack seniority at a workplace making cuts, you may be let go. By collecting a $600 monthly EI income via direct deposit, you can be considered for one of our emergency loans to cover your bills.
  • Sick Child – A very sick child could miss months of school while requiring constant care. An emergency loan could provide the funds needed to pay for an in-home caregiver to take care of your little one until they recover.
  • Dental Expenses – You just slipped and face-planted on your icy driveway, and now you’re down two front teeth. If your dental care isn’t covered by insurance, an emergency loan can fill the gaps in your finances and your mouth.
  • Debt Consolidation – Make life easier with a loan for debt consolidation in Nunavut, turning your numerous debts into one monthly lump sum payment! If you’re struck with an emergency, at least you won’t be saddled with a laundry list of other consumer debts!

FAQs - Emergency Personal Loans in Nunavut

How long will it take for you to process my emergency loan application?

Loan applications are processed within one business day.

My credit is perfect and I’ve been gainfully employed for five years. Can you guarantee my application approval?

While your chances are better, we can’t guarantee anyone an approval for our emergency loans.

Do you provide emergency loans for bad credit applicants collecting low incomes?

Yes—we are high-risk lenders and specialize in emergency loans for bad credit applicants. We use different methods to assess our applicants. Instead focusing on your credit score, we weigh your entire history of credit.

I receive $500 monthly via direct deposit from a private pension but it’s currently my only income. Will you consider me for an emergency loan?

Sadly, no—the minimum valid direct deposit monthly income is $600.00 to be eligible for our emergency loans.


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.