Please be aware Magical Credit will not request you to send any upfront fees in order to get a loan from us. If you are contacted by anyone requesting this by email, text or phone, please call us immediately at 1-877-213-2088.
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!
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!
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.
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.