Get Approved for a Bad Credit Medical Loan in PEI - Apply Online in Just 5 Minutes!

Apply Now

PEI Healthcare Loans

Hiccups with your health don’t flare up at your financial convenience. Whiplash, concussions, and acute illnesses occur at random, usually when you can least afford them. Canada’s Public Healthcare medical reimbursements may cover mandatory care, but you’re on the hook for chiropractic services, dental care, ‘elective’ surgeries, eye care, and prescription medications.

You could delay treatments or leave your prescriptions unfilled.

Or, if your health is important, you’ll take out a high-interest healthcare loan that’ll negatively impact your financial health.

Don’t succumb to either of these fates, because Magical Credit offers another option! Our medical loans come with a reasonable 3.9% monthly interest rate, so you can afford the treatment you need to get healthy.

Just think of us, as ‘Medical’ Credit.

I want to borrow:

< $2000 >
$500
Min
$10,000
Max

Why PEI May Need Medical Loans

  • Visits to the Dentist: Canada’s medical reimbursements don’t extend to your pearly whites—which will become gruesome greys once you stop going to the dentist. If you’re low on cash, and have bad credit, apply for a medical loan to cover the costs of your checkup.
  • Chiropractic Services: Canada’s healthcare is flawed, covering dangerous back surgeries and harmful pain pills, instead of the chiropractic adjustments you actually need. Take out a medical loan, and trade in the knife for healing hands.
  • Therapy: Physio, massage, occupational, and plenty of other therapies are required to fix chronic injuries. Apply for a medical loan if you need to pay for those various therapies, which are not covered by Canada’s healthcare plan.
  • Prescription Drugs: 1 in 10 Canadians aren’t financially capable of filling potentially lifesaving prescriptions. If they take out a loan for medical treatment from Magical Credit, they could afford to follow the doctor’s instructions.

FAQs for PEI Healthcare Loans

Can you guarantee approval if I have a job, an income, and a bank account?

No—it’ll definitely improve your chances, but we have zero-tolerance if you have any kind of loans in collection, or bankruptcy.

I’ve been discharged from bankruptcy and my credit score is really low. Am I eligible for a loan?

You might be—as a high-risk lender, we specialize in loans for bad credit applicants. We weigh your overall report of credit instead of your credit score.

How do I apply for a Magical Credit loan?

All you have to do is fill out our online application and follow any prompts or instructions. It only takes 5 minutes to complete!


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.