Looking for comprehensive installment loan solutions in BC? Take advantage of Magical Credit’s personal installment loans for bad credit applicants! It takes just 5 minutes to apply!
If you need some financial assistance with rising rent or other costs of living in British Columbia, Magical Credit’s installment loans come with the convenience of easy installment payments.
Don’t bother with credit card cash advances or payday loans – they’re littered with hidden fees and surcharges. Our BC 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 BC in just 5 minutes online!
Our easy-to-use calculator schedules your installment loan payments, so you’ll stick to your budget.
Magical Credit’s interest rate is 3.9% monthly for all of our installment loans.
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!
Consider applying for an installment loan in BC, 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 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.