When you or a loved one is sick, or needs any kind of medical attention, there is nothing in the world that you wouldn’t do to ensure they have all the necessary care.
Medical costs are some of the most expensive bills you will ever have to pay. And while Canada’s Public Healthcare medical reimbursements often alleviates financial burdens, its basic coverage won’t cover therapy, chiropractic services, dental, ‘elective’ surgeries, eye care, prescription drugs, and more.
What options, then, are Canadians left with?
They can either do one of 2 things:
Magical Credit, however, offers a 3rd option.
Get a loan for your medical treatments today by giving us a call, or fill out our online application – it takes just 5 minutes to complete!
Need a medical loan, but aren’t sure you can keep up with the loan repayment terms?
Calculate your monthly loan payment schedule!
If you’re in need of Other Medical Needs in any of the following provinces, we can help. Apply now!
It only takes a maximum of one business day, and then we’ll let you know.
It certainly makes your application look good. But no, it does not guarantee approval. While you may have a direct deposit income of over $600 monthly (our minimum), if you have any kind of loans in collection, or bankruptcy, we won’t offer you a loan.
Yes, you can! Our minimum direct deposit income requirement of $600 includes both a professional income, and an income through government services (as long as it is directly put into your bank account).
First, fill out our online application. It should only take you around 5 minutes to complete, and you should have a response within 24 business hours.
We are a bad credit loan company, so yes! We take other things into consideration other than your credit score, like your credit history. If you have a history of unpaid loans, it will negatively affect your chances of taking out a loan.
Unfortunately, once you take out a loan, we will start charging 3.9% monthly interest. It doesn’t matter if you don’t need as much money as you applied for – once a loan is given, it’s final.
Yes. If you are denied what you applied for, but you could be approved for less, we’ll let you know.
You won’t be approved unless you have a Canadian bank account, because one of our requirements is that you receive $600 minimum monthly income that is directly deposited into your bank account.
Need a loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our personal loan calculator!
Our loans are considered short-term loans and have up to a 6-60 month term with an interest rate of 3.9% per month.
Example: $1,500 borrowed for one year at 3.9% per month. Monthly payments are $199.67. Total payback with interest and fee of $194.00 is $2,396.00.
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.
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