Need a Dental or Medical Loan in New Brunswick? Apply for a loan online today!

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Magical Credit? More Like ‘Medical’ Credit!

Canada’s Public Healthcare medical reimbursements offer basic coverage that doesn’t apply to therapy, chiropractic services, dental, ‘elective’ surgeries, eye care, prescription drugs, and more.

So, if your boat gets capsized off the shores of Fredericton and you herniate a disc in your back, how will you cover the cost of physio or massage therapy?

You have two choices:

  1. Delay the treatment while your symptoms worsen over time.
  2. Take out a high-interest, healthcare loan and be buried in debt.

But wait! Magical Credit offers a 3rd option:

  1. Magical Credit offers bad credit, medical loans to Fredericton, Saint John and the rest of New Brunswick! Our loans for medical treatments come with a fixed interest rate—you can take care of your health, and your medical billings and interest rates won’t spiral out of control.

Get a loan for your medical treatments today by filling out our online application – it takes just 5 minutes to complete!

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!

I want to borrow:

< $2000 >
$2,000
Min
$10,000
Max

Why You Might Need a Bad Credit, Medical Loan in New Brunswick:

  • Visits to the Dentist: Canada’s healthcare coverage and medical reimbursements don’t extend to your dental costs. A medical loan from Magical Credit may not soothe the physical pain of your impending root canal, but it can ease your financial pain.
  • Chiropractic Services: The chiro isn’t a back-cracking quack. In fact, your doctor may refer you to one so you don’t have to go under the knife. But, the government doesn’t cover these treatments – Magical Credit’s medical loans can cover the bills so you can avoid surgery!
  • Prescription Drugs: 1 in 10 Canadians can’t fill their prescriptions because of the sky-high costs of pharmaceuticals. Getting approved for a medical loan in New Brunswick will provide the quick cash needed to afford doctor-recommended medications!
  • Assisted Living: There are countless scenarios where people in need are denied assisted living because of their finances. Magical Credit offers healthcare loans to help you provide the assistance your loved one requires.

Medical Loans in New Brunswick FAQ

When will I get my email confirmation after I’ve applied for a medical loan?

You’ll be contacted by one of our representatives within one business day.

Will I automatically be approved if have a job and an income?

Having a job and fixed income helps any application but does not guarantee approval. If you have any loans in collection, or are currently bankrupt, we won’t offer you a loan.

Will I still be considered for a medical loan if my direct deposit income is strictly from government subsidies?

Yes—our required monthly minimum direct deposit income of $600 applies to traditional employment incomes, as well as non-traditional incomes like government subsidies, insurance, or pensions, etc.

I got rejected for a bank loan and it severely damaged my credit. Can I still be approved for a medical loan?

Yes—we are high-risk lenders specializing in loans for bad credit applicants. Your credit score weighs minimally in our approval process. We heavily weigh credit histories and loan repayment records instead.

What if I’m unsure of what medical reimbursements the government will give me? Can I take out more than I need, and then return whatever I don’t use without the added interest?

No—we start charging our 3.9% monthly interest as soon as you take out a loan, and once a loan is given, it’s final.

Which pieces of ID can I use for my application?
  • Valid Canadian Driver’s License
  • Valid Canadian passport
  • Certificate of Canadian Citizenship
  • Certificate of Indian Status
  • Canadian Permanent Residency Card
  • Old age security Card
  • Photo Health Card and Birth Certificate or Social Insurance Card
  • BYID Card (LCBO) and Birth Certificate or Social Insurance Card

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.