Apply For A Cash Loan Online In 5 Minutes or Less

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Easy Online Cash Loans in B.C.

You need a loan. So put on your tweed coat and black leather shoes because you have business at the bank. Or don’t. Getting a bank loan is very 20th century after all.

Magical Credit is an online lender that eliminates the whole bank loan process. No lineups, piles of paperwork, small talk – with Magical Credit, you can apply for a loan in the comfort of your home and have funds deposited straight into your bank account within a day.

Magical Credit is fast and secure. Our site uses 128-bit SSL encryption, a bank-standard, for all information-sensitive communications. We are monitored at all times by Verisign – an industry leader in internet security.

So what are you waiting for? Borrow up to $10,000 in as little as 5 minutes!

Want to get a personal loan online, 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!

I want to borrow:

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

Why Get a Cash Loan Online?

  • Telecom Bills – Your telecom wants its monthly tribute and no one’s going to volunteer in your place. A Magical Credit loan can keep you connected, so you can finish watching those questionable movies in your Netflix queue.
  • Rent – Are you renting in Vancouver? We’re sorry. Are you renting in the Greater Vancouver area? We’re even sorrier. A Magical Credit loan can help you pay your outrageous rent.
  • Watch a Canucks Game Live – Do you consider yourself a Canucks fan? Well, when’s the last time you bought a ticket? Because a true fan not only supports their team emotionally, they also support them financially.
  • Sushi – Vancouverites don’t know how good they have it when it comes to sushi. Have you ever ordered tuna in Ontario? Ugh.

Online Loan FAQs

Are online cash loans safe?

Yes, online cash loans are as safe as any internet banking transaction. Magical Credit’s website is secured by bank-level, 128‐bit SSL encryption and is monitored by Verisign, a leader in online site security.

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
Do I need to be working to apply for a loan?

You do not need to be employed to apply for a loan. We allow you to borrow off of government subsidies (i.e. EI, CPP, baby bonuses) as well as income from pensions or maternity benefits.

Do you lend to people with bad credit?

Yes, Magical Credit specializes in online loans for bad credit. If you receive at least $600 a month via direct deposit, we will consider you for a loan.

How much income do I need to qualify for a loan?

We require a minimum of $600.00 a month via direct deposit.

Do you offer next day loans?

Yes, we offer next day loans. You can complete our loan application in as little as 5 minutes and have funds in your bank account by tomorrow.


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.