Magical Credit offers Fixed Installment Loans to British Columbia – it takes just 5 Minutes to Apply!

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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:

< $2000 >
$2,000
Min
$10,000
Max

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 BC - FAQ

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 12-24 month term with an interest rate of 3.9% per month.
Loan Example
Term
1 Year
APR
56.50%
Amount
$2,000.00
Fees
$194.00
Interest Rate (46.8%)
$936.00
Total Cost of Borrowing
$1,130.00
Total Due End of Term
$3,130.00
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.