Looking for the best installment loan lender in Alberta? Look no further and apply for Magical Credit’s comprehensive installment loan solutions!
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.
Yes - and they are as follows:
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.
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.
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 up to a 6-60 month term with an interest rate ranging from 3.4%-20% per month.
Example: $1,500 borrowed for one year at 3.4% 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.