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.
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 a 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, but not if you’ve previously defaulted on a loan.
Apply online anywhere in Canada (other than Manitoba and Quebec)!
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.
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.
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.