Fixed-Interest Installment Loans in Ontario!
Magical Credit provides installment loans in Ontario for people with bad credit. Apply online today! We are always ready to help you.
Installment Loans in Ontario for People With Bad Credit
Whether you’re in Ottawa, Thunder Bay, or Toronto, an installment loan from Magical Credit could help you keep up with the increasing mortgage, rent, or cost of living prices in Ontario. Unlike credit card company’s sneaky hidden fees and surcharges setting you back, we have a fixed monthly interest rate of 3.9%, so there’ll be no surprises and you can plan your budget accordingly!
Our loan repayment calculator schedules your installment loan payments, so you’ll stick to your budget. Get best installment loan solutions in Ontario that are cheaper than cash advance and payday loans.
I want to borrow:
When To Get An Installment Loan For Quick Cash In Ontario
- Auto repair – Whether your commute is on the DVP or the backroads of Beaverton, you need a functioning vehicle to get to work. If you’re low on cash, malfunctioning motors can malfunction bank accounts – that can be fixed with a Magical Credit installment loan.
- Vacations – Getaways to Muskoka, Haliburton, or Collingwood are an Ontario summer staple. But renting cottages or camping spaces and paying for gas and groceries may not fit your budget. Don’t miss out on summer fun and apply for an installment loan in Ontario from Magical Credit.
- Home Repairs – Since Toronto summers melt you and the winters freeze you, faulty air conditioners and heaters can negatively impact your quality of living. If you need quick cash to fix faulty appliances, Magical Credit does installment loans in Toronto and across the GTA.
- Job Interview – A new job with a raise in pay and responsibility could be on the horizon. Magical Credit’s low-income loans can provide you quick cash so you can afford the snazzy, well-tailored suit that’ll impress at your big Bay Street interview.
- Debt Consolidation – Between rent, hydro, internet, and your phone plan, you’ve got more bills than you have friends! Magical Credit knows it’s hard to keep up, so our installment loans for bad credit can help you organize your many nagging debts into one fixed interest loan.
Installment Personal Loans In Ontario- Frequently Asked Questions
- Fixed interest rates mean predictable monthly payments (Ours is 3.9% monthly)
- No surcharges or hidden fees
- Small affordable monthly payments are easy to make
- Instant approval process
It’s very simple, all you need is:
- 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
Yes - we will loan to you if you have either a traditional or non-traditional source of income. Unlike most lenders, Magical Credit specializes in bad credit, low-income unsecured loans, weighing your overall report of credit, not your credit score.
No - you can get a loan if your bankruptcy has been discharged, but we will not loan to anyone who has previously defaulted on a loan repayment.
You can apply online anywhere in Canada, other than Manitoba and Quebec!
While payday loans can be easy to get, you get raked over the coals on interest, at $30 per $100 borrowed. Magical Credit is a bad credit lender, but only charges 3.9% interest monthly.
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!
Disclosures:
Magical Installment Loans: Installment loans are available to eligible residents of Ontario and range from $1,500 to $20,000. Repayment terms range from 12 to 78 payments, with flexible payment schedules available as weekly, bi-weekly, semi-monthly, or monthly.
Example: A $5,000 loan repaid over 36 monthly installments would require payments of $300.40 per month.
NOTE: Loan amount and payment amount are subject to change upon final loan approval. Interest rate for Personal Loans is calculated at 34.86%. The Repayment amount includes optional Loan Protection Plan coverage.
Magical Cash Loans - Ontario, British Columbia, Alberta, Northwest Territories, Nunavut, and Yukon Residents only: We offer Magical Cash Loans in the amount of $100-$1,500.00. The cost of borrowing is $14.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $140.00. The total to pay back is $1,140.00, which is an annual percentage rate of 365.00%. ON License #4741412. BC License#85919 AB License#358423.
The Loan must be paid in full by the end of the term, with no extensions or exceptions, and no automatic renewals. Failure to pay your debt on time will impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureaus.
Our Family of Brands: Whether you need personal funding, business advance, or short-term cash support, our family of brands offers financial solutions designed to fit your needs.
-Magical Credit: Personal Loans and Installment Loans available through Magical Credit.
Apply Now: https://www.magicalcredit.ca
-Magical Business: Merchant Cash Advances and business funding solutions available through Magical Business.
Apply Now: https://www.magicalbusiness.ca
-Magical Cash: Payday Loans and short-term cash solutions available through Magical Cash.
Apply Now: https://www.magicalcash.ca
