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Get A Personal Loan Online from Magical Credit

Are you tired of filling out paperwork, waiting in long lines, and talking to disinterested bank tellers just to get a cash loan?

It’s 2018 – the days of waiting in long bank lines and dealing with snobby bank tellers is over.

Magical Credit is a high-risk lender that specializes in online loans for applicants who have less than perfect credit. Our loans are safe and secure—we use a bank standard 128 bit SSL encryption that ensures your private information is protected at all times. Best of all, if you live in St. John’s, Corner Brook, or anywhere else in Newfoundland, you can apply for an online loan in the comfort of your own home.

So, what are you waiting for? Get approved for an online loan in as little as 5 minutes!

Need an online loan in Newfoundland, 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 >
$500
Min
$10,000
Max

Why Get an Online Personal Loan in Newfoundland?

  • Pet CarePets aren’t just animals, they’re a part of our families. We want our pets to live a happy and healthy life, but sometimes they can get hurt or sick. You can ensure your pets receive the best care possible with an online bank loan.
  • Moving ExpensesRelocating for a new job is exciting, but when you calculate the cost of moving from Corner Brook to St. John’s, it can be financially heartbreaking. An online cash loan can pay for storage fees, moving trucks, and new furniture to make your transition as smooth as possible.
  • Weddings Turn your dream wedding into a reality. An online cash loan can help cover the cost of big-ticket items such as the venue, catering, and wedding rings.
  • TravelYou’ve been working 40 hours a week for a year straight – you deserve some R&R abroad. Whether you want to visit the beautiful island of Jamaica, or enjoy an all-inclusive experience in the heart of Mexico City, an online loan from Magical Credit can get you there.

Newfoundland Online Loans FAQs

How secure are your online loans?

Our website is designed to protect your privacy and security. We use a 128-bit encryption, the same level of security financial institutions use. Our website is also monitored and verified by Verisign, the highest level of online site security.

I need $700 to pay off some bills, what is the maximum amount I can borrow?

Our online cash loans range between $500 and $10,000.

What do I need to apply?

To apply, you need the following:

  • Be 18 years or older
  • Valid chequing account
  • Proof of income
  • Valid ID
  • SIN
I'm currently working part time, can I apply for an online cash loan?

Yes, we accept both traditional and non-traditional sources of income as long as you receive at least $600 a month via. direct deposit.

Do I need to fax any documents?

No, any documentation required is sent online.


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.