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Apply For A Personal Loan Online. It’s Easy, Convenient, And Only Takes 5 Minutes To Complete The Application!


No Credit? No Worries: Why Personal Loans For Bad Credit Fit Your Financial Needs

Life can pile up on you pretty fast. You could be moving into a new home, needing a new car, getting married, filling a cavity, and traveling overseas all in the same year. And before your know it, your chequing account is a pack of gum away from overdraft.

If you have bad credit or you don’t have a credit card, Magical Credit specializes in bad credit personal loans! Our short term personal loans enjoy the advantages of:

  • Lower interest rates than payday loans and credit card cash advances
  • The flexibility of being able to pay with cash and not on a line of credit
  • One fixed interest rate, versus credit cards which have a bevy of surprise stipulations and surcharges

Not sure if you can keep up with a personal bad credit loan? Calculate your fixed loan payment schedule with our short-term loan calculator!

Time Is Money With Personal Loans Online

Magical Credit does personal loans online. It only takes 5 minutes to apply, and you’ll have your money within one day thanks to our 24-hour approval process!

Instead of driving around to different banks or unfriendly quick cash lenders, eliminate the middleman and go straight to the source at Magical Credit!

I want to borrow:


Personal Reasons For Personal Loans

  • Personal Emergencies – Injuries, illnesses, car accidents, and malfunctioning home appliances don’t happen at your own convenience. When you get staggered by an unexpected emergency, a personal loan from Magical Credit can get you back on steady legs.
  • Personal Necessities – Haircuts, groceries, work clothes, toiletries – many of life’s most basic needs seem unaffordable when you’re low on cash. If you have bad credit, a personal loan from Magical Credit will help cover the nagging costs of necessity!
  • Personal Milestones – You don’t have to propose with a cubic zirconia, get married at a McDonalds, or have your honeymoon in Buffalo. Magical Credit’s personal bad credit loans provides the quick cash you need to make life’s biggest milestones memorable!
  • Personal Finances/Investments – Don’t miss out when a time-sensitive chance to be the captain of industry presents itself. If you want to invest some cash into your friends’ food truck, a short-term personal loan from Magical Credit can get business cooking fast, even if you have bad credit!

Can I Get Personal Loans In My Province?

If you’re in need of Personal Loans in any of the following provinces, we can help. Apply now!

FAQs About Personal Loans

How am I supposed to trust that your Personal Loans Online aren’t just some scam for my personal information?

Our system is designed to enhance your privacy and security, operating at 128-bit encryption, which is bank level security. Our website is also monitored and verified by Verisign, the highest level of online site security.

Why should I get a Personal Loan instead of a Payday Loan?

Magical Credit’s low interest personal loans do not charge the same interest fees as payday loan companies. We have a fixed 3.9% monthly interest rate, whereas your average payday loans costs up to $30 for every $100 you borrow.

If I have a laundry list of debts stemming from personal expenses, can a Personal Loan from Magical Credit consolidate my debt?

While we can’t directly consolidate your debt, you can take out a bigger personal loan from us to cover your many smaller debts.

I’ve only been working at my job for 8 months, can I still qualify for a Personal Loan?

Yes – to qualify for a personal loan from Magical Credit, you must be employed for a period of 6 months.

What if I’m unemployed, can I still apply?
Yes – as long as you are collecting a source of fixed income. This could come from Government Subsidies such as unemployment, disability pay or baby bonuses.

What if I need a couple of years to pay back my personal loan?

Magical Credit offers loans between 6-24 months. Calculate your bad credit personal loan payment schedule with our short-term loan calculator!

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.

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