Have A Pending Settlement? Free Up Some Finances With A Settlement Loan Worth Up To $20,000!

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Settlement Loans in Canada For Personal Injury, Auto Accident Claims, Malpractice, And More

Legal Loans. To fund expensive legal proceedings and attorney fees, loans can be taken out and often secured by the outcome of the legal decision.

Money can’t buy you happiness, but it can buy you time – time your lawyer needs to negotiate the best settlement on your behalf.

If you have a pending settlement and are tight on funds, our short-term, settlement loans can help you manage the financial pressures of the litigation process. 

We’re Canada’s settlement loan lenders lending for personal injury, auto accident claims, estate claims, malpractice, and other litigation funding needs.

Best of all, our legal settlement loans are easy to qualify for – we’re high-risk, settlement lenders that specialize in short-term, bad credit loans – with an application process that’s even easier. Apply for a settlement loan with us today. Our online application takes just 5 minutes to complete!

I want to borrow:


Are Legal Loans Limited To Settlement Funding?

While our legal loans are primarily put towards pending settlements, they can be leveraged for everyday expenses as your lawyer works on your settlement:

Medical Bills: If your settlement is injury related, you still need medical care while your lawyer fights your case. A settlement loan can alleviate any outstanding medical expenses until your case is settled.   

Living Expenses: Paying lawyers and associated litigation fees is money you’d otherwise spend on living expenses – and those aren’t put on hold during your settlement. Get a loan for legal fees so your careful budgeting & savings routine can remain consistent.

Legal Fees: Litigation funding is an investment. The more you put towards quality representation, the better your chances are of receiving a heftier settlement. A personal loan for legal fees can finance a respected lawyer you may’ve otherwise been unable to afford, positioning you best for a lucrative claim.

Settlement & Litigation Loans FAQs

Can I apply for a settlement loan with bad credit?

Yes, we specialize in litigation loans and settlement loans for bad credit. As Canada’s high-risk settlement lenders, we don’t base our decisions on credit score. If you’re receiving at least $1,200 a month via direct deposit and have been employed for at least six months, we will consider you.

What’s the interest rate on your litigation loans?

All of our personal loans for legal fees, including settlement loans and legal loans, have a fixed monthly interest rate of 3.9%.

What do I need to apply?

In order to apply, you need the following:

  • Be 18 years or older
  • Valid bank account
  • Proof of income
  • Valid ID
  • SIN

I live in a small town outside of Toronto – can I still get a bad credit, settlement loan?

Yes! The only provinces we don’t lend to at the moment are Quebec, Saskatchewan and Manitoba.


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Magical Credit is truly amazing! Their assistance has been a real lifesaver for me. The staff is incredibly friendly and supportive, and they made the entire process a breeze. I wholeheartedly recommend Magical Credit to anyone seeking financial help. They are the best!

The application is very fast easy quick it took me 10 mins to fill it out they responded to my application right away and I was approved in a matter of a couple hours. When talking to the agent she was very helpful and very clear on what they needed to approve my application. Thank you Magical Credit

Very fast and easy to get a loan I needed help and help was given right away . Very polite staff I was doubtful at first but in about 30 minutes was approved for more then I asked for. Which I can use because school shopping for more then one kid isn't cheap . I'd definitely recommend this company . Thank you so much

They made the experience easy and every person I spoke with which I think it was in total of four may have been up to 5 each one was knowledgeable more than willing to help as I am not the world's most tech person out there and even though I filled out some stuff wrong they contacted me right away to say hey we're having trouble with this can you help us out about why we're having trouble and got it sorted out within seconds just all in all a beautiful experience definitely five out of five

I had a great service! Staffs are very responsive and easy to talk to esp NATALIE! She's very nice and very professional, explained everything to me, I was approved for a loan but I needed a little more so she managed to have me approved for the amount I needed, also, It was very fast, i got the funds the next day! Thank you so much guys!

Great staff, fantastic service! Very reasonable interest rates and also flexible payment plans. Got my money promptly. These guys are simply amazing!

Need an emergency settlement 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!


Magical Installment Loans: We offer installment loans in the amount of $1,500- $20,000 that have a 12-60 month term with an APR 19.99% min - 46.8% max. On $1,500 borrowed for a 1 year term at 3.9% per month, the total cost of borrowing including a $194 fee is $896.00. The total amount to be paid back with interest and fee is $2,396.00. AB License #349796 and BC License #83626

NOTE: Our installment loans are open, so 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.

Magical Cash Loans - Ontario, British Columbia, 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 $15.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $150.00. The total to payback is $1,150.00 which is an annual percentage rate of 391.07%. ON License #4741412. BC License#85919.

The 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 will impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureaus.

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