Magical Credit provides short-term personal loans in Alberta for people with bad credit that need quick cash!
With a fixed monthly interest rate (3.9%), there’s no surprise fees or surcharges, keeping you on the financial straight and narrow. And our 24-hour-loan approval gives you a lender you can rely on when you need quick cash!
What it also means is that bad credit loan applicants don’t have to worsen their credit score by spamming loan applications.
Still don’t believe it? Calculate your personal loan repayment with our short-term loan calculator!
A low interest, personal loan from Magical Credit has a fixed monthly interest rate of 3.9>#/b###. Payday loan companies will charge up to $30 for every $100 borrowed. You do the math.
While we don’t directly take on your debt, you cantake out a bigger personal loan from Magical Credit. This can potentially pay off your several smaller debts.
Yes—personal loan eligibility in Alberta only requires a 6-month period of employment.
It’s actually the contrary, since our system enhances your privacy and security. In fact, we operate at 128-bit encryption – the same security levels as banks. We also use Verisign, to monitor and verify our website, which is the highest level of online security.
We provide personal loan repayment terms anywhere between 6-24 months. Our short-term loan calculator can calculate your short term, personal loan repayment schedule.
Yes—personal loans are a suggested method for quick cash needs if you don’t have a credit card. However, a bank account is required in order to apply, since our loans are direct deposited.
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 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.