Whether you’re in Ottawa, Thunder Bay, or Scarborough, a personal 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 short-term, personal loan calculator schedules your installment loan payments, so you’ll stick to your budget.
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 loans, weighing your overall report of credit, not your credit score.So, can I still get a loan if I’ve gone bankrupt or defaulted on a previous loan? Can I still apply Magical Credit’s installment loans for bad credit loans in Ottawa? Why not a payday loan?
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.
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 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!
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