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Please be aware Magical Credit will not request you to send any upfront fees in order to get a loan from us. If you are contacted by anyone requesting this by email, text or phone, please call us immediately at 1-877-213-2088.

Need quick cash? Set aside 5 minutes to apply for a fast personal loan!

Apply Now

Fast Loans in Canada

Your significant other just kicked you out, and after soaking up your tears and finishing a tub of ice cream, you realize you need to find a new place to rent. Sadly, you’re low on cash and your credit’s bad, so the bank’s not an option. You need some quick cash to pony up for this year’s first and last!

Magical Credit may not be able to mend your broken heart, but our personal fast loans can certainly get you back on your feet. Our 24-hour loan approval offers security during unsure times, even if your’re mired in poor credit. It only takes 5 minutes to fill out an application!

Use our short-term loan calculator to keep track of your fast personal loan payments!

I want to borrow:

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

How Fast Loans Can Help You

  • Job Interview Attire – When you have an important job interview but the fanciest part of your wardrobe is a pair of flood pants, it means you need to do some shopping! A professional outfit isn’t cheap, so if you’re low on funds, a fast personal loan from Magical Credit will help you dress the part you’re applying for.
  • Holiday Gift expenses – Extra coin can help check off your gift list without the constraints of a shoestring budget. So, if you have poor credit but need money fast, for a memorable (re: expensive) gift, Magical Credit will help you be the hero of the holidays with our fast personal loans.
  • Air Fare – If your friends love inviting you on their spontaneous offshore getaways, don’t miss out on the fun. Take 5 minutes and apply for a personal fast loan from Magical Credit, and we’ll direct deposit the money after our one-day approval process, so you won’t miss out on some much needed leisure time.
  • Home Renovations – Did the contractors who built your deck charge over the quoted price? That’s an ugly surprise that can be hard to factor into your budget- thankfully Magical Credit’s fast personal loans will get you the required funds to quickly cover those unforeseen costs.

FAQs for Fast Loans

Can I get a fast personal loan if I have poor credit? Yes- bad credit loans are our specialty! At Magical Credit, candidates are assessed on overall report of credit, not their credit score. Bankruptcy, current consumer proposal, and current loans in collections are also taken into account in the application process.
Would I pay any extra interest for a fast personal loan? You would pay 3.9% monthly, the same interest rate as all of our bad credit loans.
Can I get approved if I’m collecting unemployment? Yes. We accept candidates with traditional and non-traditional sources of income.
How fast is the approval process? At Magical Credit, we do 24-hour loan approvals.
How long will it take me to pay off my fast personal loan? You can use our short-term loan calculator to figure out your monthly fast personal loan payment schedule!

Use our short-term loan calculator to keep track of your fast personal loan payments!

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.