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 you know it, your chequing account is a pack of gum away from overdraft.
If you have poor credit or you don’t have a credit card, Magical Credit specializes in personal loans for people with less than perfect credit history! Our short term personal loans enjoy the advantages of:
Not sure if you can keep up with a personal loan? Calculate your fixed loan payment schedule with our short-term loan calculator!
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!
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.
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.
While we can’t directly consolidate your debt, you can take out a bigger personal loan from us to cover your many smaller debts.
Yes – to qualify for a personal loan from Magical Credit, you must be employed for a period of 6 months.
What if I need a couple of years to pay back my personal loan?
Magical Credit offers loans between 6-24 months. Calculate your personal loan payment schedule with our short-term loan calculator!
Our loans are considered short-term loans and have up to a 6-60 month term with an interest rate ranging from 3.4%-20% per month.
Example: $1,500 borrowed for one year at 3.4% per month. Monthly payments are $199.05. Total payback with interest and fee of $194.00 is $2,388.54.
NOTE: You can pay off your loan at any time with no penalty. You will only pay interest up to the date you pay it off.