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Apply for Secure Cash Loans Online in Nunavut

It’s time to put on your parachute pants, strap on some rollerblades, then skate to the bank to apply for a loan.

Oh wait, it’s not 1992, it’s 2018! Why go to the bank for a loan, when you can apply for cash loans online?

Magical Credit specializes in online loans for bad credit applicants. We use the bank standard 128 bit SSL encryption, ensuring your private information is protected at all times.

So get with the times, take your cellphone out of your skinny jean pockets, and apply for one of our personal loans online in as little as 5 minutes!

I want to borrow:

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

Why Get Personal Loans Online in Nunavut?

  • Pet care – You love your pet, but you don’t love how much it costs to care for them. If there’s an available treatment that’ll make a beloved sick pet feel better, and you’re low on cash, one of our cash loans online could help nurse your pet back to health.
  • Moving expenses – When you’re moving, you may forget to put aside money for certain expenses. A bank loan will take too long and a payday loan is just too expensive. Our online cash loans are fast, easy, and flexible, and will ensure your painless relocation.
  • Weddings – One of Magical Credit’s personal loans online can help cover the cost of venues, catering, and wedding rings, ensuring your big day isn’t a big dud.
  • Travel – From a spiritual awakening in Thailand to a romp in Vegas, you could use any kind of vacation from the infernal Iqaluit cold. An online loan from Magical Credit can cover your airfare and accommodations.

FAQs - Online Loans in Nunavut

Do I have to worry about my privacy when applying for loans online?

We operate with 128-bit encryption, the same as bank-level security. Our website is also monitored and verified by Verisign, the highest level of online site security. Needless to say, client privacy and security are our top priorities.

I need $800 for a car repair. Can I apply for that amount?

Yes—we offer online loans anywhere between $500-$10,000.

Is there anything I’ll need to apply?

Yes—you’ll require the following:

  • Be 18 years or older
  • Valid chequing account
  • Proof of income
  • Valid ID
  • SIN
I’m only working part time. Could I still apply for one of your online loans?

If you’ve been employed for six months and are collecting a monthly direct deposit income of at least $600 from your part time job, you’ll be considered.


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.