Need Help? Need help? Call us now 1-877-213-2088

Need Money Fast? It’ll Only Take 5 Minutes To Apply For A Personal Fast Loan In Ontario!


Get Fast Loans In Ontario From Magical Credit

When you need a loan for quick cash, you want an easy loan application process. When you go to banks, it’s an endeavor wrought with inconvenient trips, waiting in queues, and possible rejection because your income or credit score is too low.

Magical Credit cares about your time, and provides fast online loans for bad credit and low- income applicants.

Best of all? It only takes 5 minutes to fill out an application!

It only takes a few seconds to plan your fast, personal loan payment schedule with our short-term loan calculator!

I want to borrow:


How Direct Deposit Fast Loans Can Help When You Need Cash

  • Debt consolidation loans: Between rent, hydro, data, and everything else you need to live in Toronto, your litany of bills can pile up quickly! Magical Credit’s fast loans in Ontario can lump it all into one easy-to-manage debt, giving you extra breathing room.
  • Vacation expenses: It could be airfare, or a trip up north to Haliburton—no matter where you’re going, you may need some extra quick cash from Magical Credit to fund your getaway. Finally, you can take some time away from your crazy day-to-day life.
  • Auto repair: You can’t really afford to miss any work if you’re low on cash. If your engine goes kaput on the 401, an easy, fast personal loan from Magical Credit can get you back on the road and into the office in a jiffy!
  • Home renovations: Real estate is at a premium in Toronto! You may need money fast so you can get your home up to selling standards. An online, fast personal loan in Toronto can get your home up to snuff, so you can capitalize on the real estate boom!

FAQs For Fast Loans In Ontario

Can I get a fast personal loan if I live in Scarborough?

Of course you can! You can apply for online fast loans in Toronto, Ottawa, Beaverton, Scarborough, or anywhere else in Ontario! In fact, the only places you can’t get a loan in all of Canada are Quebec and Manitoba.

Would you charge extra interest for the convenience of a fast personal loan?

Our 24-hour-loan approval applies to all of our loans. Therefore the 3.9% monthly interest is a fixed interest rate for all of our loans.

Can I get approved if I’m not working, but I’m collecting an Ontario child care subsidy?

Yes- we approve candidates with traditional and non-traditional sources of income.

What do I need to provide if I want a fast loan from Magical Credit?

We only ask for essential information. All you need is:

  • Social Insurance Number
  • Option 1: Read-only access to your bank statements through Instant Verification.
  • Option 2: Upload your Bank Statements.
  • Proof of Income
  • ID
Can I only get a fast cash loan from Magical Credit if I have a bank account?

Yes— we only do direct deposit loans into 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!

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.

Earn $50 in seconds!

Learn more

Participate in our referral program for cash rewards.