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Online Loans in Saskatchewan

You can shop online. You can bank online. You can even buy rare X-Men action figures online.

Gone are the days of waiting in traffic, rain, and lineups. You can fill out Magical Credit’s loan applications on your home computer, and have funds deposited directly into your bank account. The future is now!

Magical Credit uses state-of-the-art technology to ensure online privacy and security. We use 128-bit SSL encryption, a bank-standard, in all information-sensitive communications. We are also monitored by Verisign – industry experts in internet security.

Need to get a short-term, online loan in Saskatchewan, 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 >

Why Get an Online Personal Loan in Saskatchewan?

Cable/Satellite Bills – Okay, you fell behind on your cable payments, but that doesn’t mean you want to miss the Riders game on the weekend! Fire up your laptop, apply for a loan online, and get that television turned back on!

Rent – An unpaid landlord could cut off your internet, preventing you from applying for a loan online, when you need it most!

Dental Care – Saskatchewan has the best beef in Canada, but you can’t enjoy it without teeth! Your bad credit and a low income makes trips to the dentist difficult, but an online loan in Saskatchewan could make maintaining oral health a bit easier.

Travel – You can apply for a next day loan in as little as 5 minutes to procure the required funds for that last-minute-online-only deal for a resort vacation. Get out of the prairies and onto a resort for a week or two!

FAQs - Online Loans in Saskatchewan

How secure are your online cash loans?

Magical Credit ensures the highest levels of privacy and security when you fill out our online loan applications. Our encryption is bank-level, at 128‐bit SSL, and we are verified by Verisign, a leader in online site security.

What is required for me to apply?
  • Must be 18 years or older
  • Must have a valid bank account
  • Must provide proof of income
  • Must present a Valid ID
  • Must possess a Social Insurance Number
Do I need to be employed?

No— Magical Credit accepts non-traditional sources of income such as government subsidies (i.e. EI, CPP, baby bonuses), and private income from pensions or maternity benefits. Provided the income is direct deposited into your bank account on a monthly basis, you could be eligible for a Magical Credit loan.

Do you lend to bad credit or low-income applicants?

We do—after all, Magical Credit caters its online loans to low-income applicants with bad credit. We don’t weight applicants solely off of credit score, but their overall report of credit.

What’s the minimum income requirement for a loan in Saskatchewan?

$600.00 a month, paid to you via direct deposit.

Do you offer your personal loans in Regina?

Yes! We offer all of Saskatchewan loans. In fact, the only ineligible provinces in Canada are Manitoba and Quebec.

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
1 Year
Interest Rate (46.8%)
Total Cost of Borrowing
Total Due End of Term
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.