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Magical Credit Offers Fixed Installment Loans To British Columbia – It Takes Just 5 Minutes To Apply!


Installment Loans In British Columbia

If you need some financial assistance with rising rent or other costs of living, Magical Credit’s loans come with the convenience of easy installment payments.

Don’t bother with credit cards – they’re littered with hidden fees and surcharges. Our installment loans have a fixed interest rate of 3.9% per month – we don’t believe in surprise fees or fluctuations!

If you need a little bit of help – and can do without the hassle it usually comes with – apply for a personal installment loan in B.C. in just 5 minutes!

Our short-term, personal loan calculator schedules your installment loan payments, so you’ll stick to your budget.

I want to borrow:


When Should You Consider An Online Installment Loan In BC?

  • Auto repair – Commuting on The Island Highway? Cruising through the backroads of Nelson? Either way, a functioning vehicle is essential to your lifestyle. Just like your mechanic will fix a broken-down car, Magical Credit will fix broken-down finances!
  • Vacations – Your weekend foray to Seattle won’t be so relaxing if you’re one Starbucks Grande away from overdraft. Take out a bad credit installment loan for fast cash so you’re not sweating money during your much-needed R&R.
  • Home Repairs – Your last mortgage payment thinned your finances like an old man’s hairline. If your dryer explodes, repair costs will be one step closer to bankruptcy. Our installment loans are approved in one business day, so unforeseen emergencies can be dealt with quickly!
  • Job Interview – They may be all you can afford, but your ripped skinny jeans and Nirvana t-shirt won’t impress at your job interview. Magical Credit’s bad credit loans for low income applicants offer quick cash, so you can pay for the outfit that makes you look the part!

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 a 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 if I’ve gone bankrupt or defaulted on a previous loan?

Only if your bankruptcy has been discharged, but not if you’ve previously defaulted on a loan.

Can I still apply for bad credit installment loans in Calgary?

Apply online anywhere in Canada (other than Manitoba and Quebec)!

Why should I apply for an installment loan in BC if I have bad credit?
  • Fixed interest rates of 3.9% a month – predictable payments
  • No hidden surcharges
  • Easy-to-make small monthly payments
  • Next-day loans mean instant approval
What do I need to apply?
  • 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 still get a personal installment loan in BC If I earn a low-income and have bad credit?

Yes—earning a traditional or non-traditional source of income makes you eligible.  Unlike most lenders, Magical Credit caters to bad credit, low-income loan applicants. We weigh overall report of credit, opposed to credit score.

Can I get BC loans if I’m currently bankrupt or I’ve defaulted on a loan?

No— only if a bankruptcy has been discharged can you get an installment loan. We won’t loan to applicants who’ve previously defaulted on a loan.

Are Magical Credit’s bad credit loans available in Vancouver?

Yes… and that’s the same for all of Canada – minus Manitoba and Quebec. Sorry!

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!

Our loans are considered short-term loans and have up to a 6-60 month term with an interest rate of 3.9% per month. 

Example: $1,500 borrowed for one year at 3.9% per month. Monthly payments are $199.67. Total payback with interest and fee of $194.00 is $2,396.00.

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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