Life is full of surprises, making it impossible to plan for the unexpected.
Do you have bad credit, and need help covering the cost of life’s unforeseen curveballs, like a company layoff or a car accident? Magical Credit is the short-term solution to your financial setback!
We provide short-term, emergency loans in Ontario for low-income and bad credit applicants. We look beyond bad credit scores and non-traditional sources of income when determining your eligibility for a loan.
Applying for a Magical Credit emergency loan in Ontario is quick and easy. Fill out a 5-minute online loan application, and be approved within 24 hours!
Need a loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our personal loan calculator!
No. Magical Credit currently offers loans exclusively to Canadian residents.
Yes. We offer emergency loans to people who have a variety of income sources. We accept government subsidies (e.g. EI, CPP, baby bonuses), income from pensions, and maternity benefits.
To be considered for an emergency loan you must receive a monthly direct deposit to your bank account.
The smallest loans we offer are $500, rising up to $10,000.
No. If you receive less than $600.00 a month via direct deposit, you will not eligible for an emergency loan.
After submitting your emergency loan application, the approval process takes around one business day.
Yes. Once your emergency loan is approved, funds will be transferred directly to your bank account.
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!
Earn $50 in seconds!
Participate in our referral program for cash rewards.