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Installment Loans in Nunavut

Keeping up with bills is always a struggle, especially with the high cost of living in Nunavut. Installment loans are a great way to help manage your expenses, but where can you turn if you need a personal loan on bad credit?

Magical Credit offers a range of installment loans for bad credit, depending on your needs. Regardless of what you need an installment loan for, we look past poor credit or non-traditional sources of income to determine your eligibility. Best of all, you can be approved in just 5 minutes!

Need an installment 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!

I want to borrow:

< $2000 >
$500
Min
$10,000
Max

Why You Might Need an Installment Loan

  • Automotive Repairs – Your snowmobile break down in the middle of the winter? Unless you want to spend the rest of the season stuck at home or training your dogs to pull your sled, a personal installment loan from Magical Credit can get you the emergency funds you need for repairs or even a new ride.
  • Dental Costs – If your teeth ache from chattering in the cold, don’t put off getting dental care because it doesn’t fit your budget. With a Nunavut installment loan, you can get those pearly whites good as new.
  • Home Repair – Is your home starting to feel like an igloo, but you can’t afford home repairs or renovation on your income? A personal installment loan will allow you to plug up those holes and stay cozy during blizzards.
  • Getting appliances fixed – There’s no better cure for those periods of 24-hour daylight or nighttime than a strong cup of coffee. So, if your coffee maker breaks down, don’t hesitate to repair or replace it with the aid of a cash advance from a Magical Credit installment loan.

Installment Loans FAQs

I applied an hour ago. How long does it take to get an email confirmation?

Once you submit your application for an installment loan in Nunavut, a representative will get back to you within a maximum of 24 business hours.

Is it guaranteed approval?

We do not guarantee approval for emergency cash advances, seeing as every case is different – but that doesn’t mean you’re ineligible for an installment loan with bad credit.

We accept working income, as well as government subsidies, as long as you are receiving a minimum of $600.00 a month in addition to direct deposit income. A denial would be the result of current consumer proposal default on loans, loans in collections, or current bankruptcy.

I live in Nunavut, can I still get an easy approval loan?

Yes- the only provinces we do not lend to are Quebec, Manitoba, and Saskatchewan.

Can you help us consolidate some large debts into one monthly payment?

We unfortunately don’t consolidate our short term loans directly, but you can qualify for a larger loan from us, which you can then use to cover your multiple, smaller debt payments.


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.