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If You Need Emergency Funds, Magical Credit Specializes In Bad Credit Loans In PEI!


Bad Credit Loans For Emergencies In PEI

From fires, to floods, to broken bones, the cost of unforeseen expenses could bankrupt Bill Gates himself—never mind those with bad credit and low incomes.

If you need emergency funds, but are saddled with poor credit, Magical Credit is the short-term solution to your financial setback. We specialize in emergency loans for bad credit applicants in PEI.

Unlike banks, we don’t make our decisions based solely on your credit score. Instead, we look at your entire credit history before making our decision.

I want to borrow:


Why You May Need An Emergency Cash Loan In PEI

  • Unexpected Job loss – Layoffs happen. They totally blindside you, and unemployment cheques won’t cover your long list of expenses. So, take out an emergency loan for security and peace of mind, until you find your next gig.
  • Sick Child – If your child falls ill during the school year, you’ll have to either miss work or pay for in-home care. An emergency bad credit loan in PEI could give you some much needed breathing room during such a trying time.
  • Dental Expenses –Canada’s public healthcare offers basic medical coverage, but not dental care. Sadly, you weren’t prepared – physically or financially – for that wrist shot to the mouth during shinny. Take out an emergency loan, and replace your lost chicklets!
  • Debt Consolidation – Make life easier with a loan for debt consolidation in PEI, turning your numerous debts into one monthly lump sum payment!

FAQs - Emergency Personal Loans In PEI

How long does it take to assess my emergency loan application?

Loan applications are processed within one business day. You’ll receive an email confirmation from us within 24 business hours.

If I have a job, along with good credit, will I be automatically approved for an emergency loan?

No—while we specialize in emergency loans for bad credit applicants, we can’t guarantee any loan approvals. We must look into every applicant’s overall credit report before we make a lending decision.

Do you have loans for bad credit applicants with low incomes?

Yes, we offer bad credit emergency loans in PEI. We don’t assess candidates based solely on their credit score. We evaluate your eligibility based on your entire credit history

Is there an increase in interest for an expedited emergency loan approval process?

No—we offer a 3.9% fixed-monthly interest rate for all of our 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!

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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