Fixed-Interest Installment Loans in Alberta. Apply Today With Magical Credit!

Looking for the best installment loan lender in Alberta? Look no further and apply for Magical Credit’s comprehensive installment loan solutions!


Installment Loans In Alberta

Alberta may be the employment hub of Canada, but life can fire 125mph slap shots in your direction when you least expect it. Unfortunately, we don’t have the benefit of Connor McDavid’s salary to repair the residual damage.

Fortunately, Magical Credit’s personal installment loans in Alberta for low income bad credit applicants provides the quick cash in Alberta when you need it.

Best of all, our installment loans are available at a fixed, steady interest rate of 3.9% monthly! You don’t need to ruin your credit by filling out loan application after loan application, or subject yourself to being fleeced by cash advance and payday loan companies.

Not sure about keeping up with your installment loan repayment schedule? Our loan calculator calculates your installment loan payments, so you’ll stick to your budget.

I want to borrow:


What Installment Personal Loans In Alberta Can Do For You

  • Auto Repair – Your car could break down on Highway 2, or your tractor could tip over on your farm in Okotoks. Either way, you’ll need quick cash, and Magical Credit’s installment loans in Alberta can aid in fixing malfunctions on city main roads or country back roads.
  • Recreation – Don’t miss out on the Calgary Stampede, or an Oilers vs. Flames grudge match! Bad credit installment loans in Alberta allows you to support your team (as long as it’s not the Leafs).
  • Home Appliance Repairs – Banff winters and an overpriced paperweight disguised as a furnace don’t pair well with a baron bank account and bad credit. Luckily, Magical Credit specializes in low-income, bad credit installment loans in Alberta, so you don’t freeze your fanny or funds.
  • Debt Consolidation – When calm western Chinook winds suddenly transform into a whirlwind of numerous debts, apply for an online installment loan from Magical Credit. Suddenly, you’ll only have one debt to worry about, and you’ll no longer be in the eye of a debt hurricane.
  • Medical – Employee benefits don’t always cover chiropractic costs, especially when you busted your back thinking you were the Stampeder’s QB in weekend warrior pickup grid iron. You can’t afford to miss work, so installment loans will help get your spine realigned for the office on Monday.

Installment Personal Loans In Alberta - FAQ

Are there any benefits to getting an installment loan in Alberta?

Yes - and they are as follows:

  • A 3.9% monthly fixed interest rate mean surprise-free installment payments
  • Unlike Credit Card cash advances or paydays loans, there are no hidden fees or sneaky surcharges
  • Smaller, more affordable monthly payments are simple to keep up with
  • The approval process is instant
What’s required for a person installment loan in Alberta?
  • 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
I notice you suggested personal installment loans for recreation, would this be a responsible choice if I already have bad credit?

Taking on various forms of debt displays diversity in your portfolio and restores creditworthiness, provided your loan repayment is prompt. Don’t spam loan applications in search of an installment loan, and make sure you apply where your chances for approval are high, because multiple loan rejections will negatively impact your credit score.

Can I be approved for an installment loan in Alberta if I’ve gone bankrupt or defaulted on a previous loan?

Only if your bankruptcy has been discharged. If you’ve previously defaulted on a loan repayment, we won't be able to provide you with a loan.

Can I apply for installment loans in Edmonton, Calgary and across Alberta, or there are some limitations?

You can apply online for our installment loan from anywhere in Alberta!

Need an installment loan in Alberta, but wonder if you can keep up with the loan repayment agreement terms? Calculate your monthly installment loan payment easily with our short-term, personal loan calculator!

Our loans are considered short-term loans and have a 12-60 month term with a fixed interest rate of 3.9% per month.

Example: $1,500 borrowed for one year at 3.9% per month. Monthly payments are $199.05. Total payback with interest and fee of $194.00 is $2,388.54.

NOTE: You can pay off your loan at any time with no penalty. You will only pay interest up to the date you pay it off.

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