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.
You can be careful with your money but life has a way of throwing you curveballs. You could be feeling quite comfortable when all of a sudden your basement suddenly becomes the Nile River. Even the most reasonable plumber is still going to charge some notable coin. Now you need some quick cash!
If you need to save money from your rainy day fund, but you’re in a bind for some quick cash, installment loans from Magical Credit will keep you in the green. A consistent loan repayment schedule will ensure you don’t get raked over the coals by overdraft charges in your bank account. Even if you have poor credit, you can still qualify for personal installment loans with us!
Home Repairs and Renovations – Life is peachy until a pipe bursts like a levee breaking, or your dryer from the Stone Age has started lighting your clothes on fire. Installment loans ensure these situations don’t set you too far back.
Auto Maintenance and Repair – It’s an age-old story: you go in for an oil change, and suddenly you need a new carburetor. The oil change was expensive enough. Either way, a personal installment loan is a great way to bail you out, so you can keep getting from A to B.
Vacation – Everybody needs some time off, even if they’re a bit low on cash. Your group of friends are all going to Cuba and you don’t want to miss out on the fun. An installment loan can help cover the cost so you can work on your tan, worry-free.
Personal Injury – If you throw out your back, and you aren’t covered by a benefits plan, Canada’s healthcare ceases to be free (beyond the doctor telling you that you’ve hurt your back and to take a couple of Advil). Relief could be a chiropractic adjustment (and a couple of hundred dollars) away. An installment loan can get you loose, limber and back on your feet without missing unnecessary days at work.
Debt Consolidation – When you have too many debts, it could be easy to lose track and fall behind, as they continue to chip away at you. Installment loans from Magical Credit can help pay off all the little debts, with a big loan, to simplify your budgeting responsibilities.
Can I get Installment Loans in my province?
If you’re in need of Installment Loans in any of the following provinces, we can help. Apply now!
Can I get an installment loan if I have bad credit?Bad credit loans are our specialty. Unlike other credit companies, we accept loan candidates based on overall report of credit, versus their credit score. Bankruptcy, current consumer proposal, and current loans in collections are other factors we consider.
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.
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.
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.