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Medical Loans in Nova Scotia

Not all medical costs are covered by our public health care system, leaving many Canadians burdened by the expensive cost of therapy, dental care, limb prosthetics, and prescription drugs.

Whether you’re an injured fishermen from Cape Breton who needs a back adjustment, or a single mother from Halifax who needs a root canal, Magical Credit can help cover the cost of all your medical and dental expenses. We offer medical loans to Nova Scotians with poor credit. Our medical loans are quick, easy, and have a fixed interest rate of 3.9% per month.

Don’t let bad credit delay the medical or dental treatment you need. Apply online for a medical loan today in as little as 5 minutes!

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 Medical Loan in Nova Scotia

  • Dental Expenses — Even though Canada has one of the most advanced public health systems in the world, it still doesn’t cover the cost of dental treatments. Let Magical Credit get your smile in order by covering the cost of root canals, veneers, and fillings with a bad credit medical loan.
  • Therapy: Whether you’ve torn your ACL or sprained your ankle, you may need physical therapy, occupational therapy, or acupuncture therapy to get your body back to normal. Take care of your body with a medical loan and get back on the road to recovery.
  • Prescription Drugs: Antibiotics or refills for your medical prescription can cost you a pretty penny. Did you know that 1 in 10 Canadians can’t afford their medical prescriptions? A medical loan from Magical Credit can ensure you never miss out on vital medication.
  • Assisted Living: Looking after elderly loved ones can be a full-time job. Many low-income families don’t have the time or money to give their loved ones the care they deserve. Fortunately, a medical loan from Magical Credit can help cover the cost of assisted living, providing your loved ones with the care and attention they need.

Medical Loan FAQs

I applied for a medical loan today. How long does it take to be approved?

The approval process is completed within a 24-hour period. We’ll let you know within one business day.

I have a full-time job and earn more than $600 monthly. Can I automatically be approved for a medical loan?

Having a full-time job and an income of over $600 monthly is a start, but it doesn’t guarantee approval. If you’ve previously defaulted on a payday loan or declared bankruptcy without being discharged, you won’t be eligible for a medical loan, regardless of your income or employment.

My direct deposit income only consists of government subsidies. Can I still be eligible for a bad credit medical loan?

Yes, we accept government subsidies as a non-traditional source of income. As long as your direct deposit income is over $600 monthly, you will be eligible for a medical loan.

How should I go about getting a loan?

The first step towards getting a medical loan is filling out our online application. It only takes 5 minutes to complete, and you will hear back from us within one business day.

The bank rejected my loan application, is it possible to be approved for a medical loan?

Yes, we specialize in medical loans for Nova Scotians with bad credit. We don’t determine eligibility based on credit scores; we consider other things, like your credit history. If you’ve previously defaulted on a payday loan, or declared bankruptcy without being discharged, we cannot offer you a medical loan.

If I'm not approved for a healthcare loan to cover all my medical expenses, can I be approved for a smaller loan to cover my medical bills partially?

Yes. If you were denied for what you’ve applied for, it’s possible to be approved for a smaller loan; we’ll let you know.


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.