Apply For A Short Term Personal Loan In Vancouver, Nelson, Kamloops Or Anywhere Else In B.C.!

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We Take Your Need For A Bad Credit Personal Loan, Personally

Magical Credit’s short-term personal loans can help B.C.’s population afford the province’s sky-high prices! With interest rates lower than payday loans, we won’t ambush you with sneaky fees or surcharges.

Magical Credit understands that your reasons for needing a personal loan are just that – personal. That’s why we specialize in loans for bad credit, and offer 24-hour loan approval, because we know you need money fast, with no questions asked.

Calculate your low-interest, personal loan repayment schedule with our short-term loan calculator!

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Why You May Need A Personal Loan In B.C.

  • Emergencies: You live in B.C., your mother’s fallen ill in Newfoundland, and your rainy-day fund is equipped for light drizzle, not monsoon-like emergencies. A personal loan will cover pricy plane tickets and missed days from work!
  • Day-to-day: Increased costs of living in Vancouver make necessities almost unaffordable, such as groceries, clothing, and showering. Magical Credit’s bad credit loans in Vancouver (and the rest of B.C.), will keep your fridge stocked, your body clothed, and your hygiene relatively passable.
  • Interests/Hobbies: You’ve kept up with your bills, rent, and every other fiscal responsibility, but you’re left with pennies when it comes to personal endeavors! Take out a personal loan in B.C. and use the funds to join a beer league, a gym, or buy a snowboard – you deserve some personal time!
  • Education: You’ve been bitten by the learning bug, and got the itch to go back to school. Your job provides just enough income so that you can’t get a student loan, so taking out a personal loan can help with those lofty tuition fees.

Personal Loans In British Columbia – FAQ

Are personal loans really a better option than payday loans?

Magical Credit’s low interest personal loans have a fixed 3.9% monthly interest rate. Payday loan companies will charge you $30 per $100 borrowed, leading to a revolving door of debt!

Can I take out a bad credit personal loan in order to consolidate several debts?

While we can’t consolidate your debt directly, you can take out one big personal loan to cover your smaller debts.

I’ve been employed for 90 days, am I still eligible for a personal loan?

No— qualifying for a personal loan in B.C. requires a 6-month period of employment.

How can I know your online personal loans aren’t a scam for my personal information?

We use bank level security, enhancing your privacy and security, operating at 128-bit encryption. Verisign – the highest level of online security – monitors and verifies our website.

How long do I have to pay back my loan?

Magical Credit’s loans are short-term, and our repayment terms are anywhere between 12-60 months. Use our short-term loan calculator to calculate your bad credit, personal loan payment schedule.

I live in Victoria - can I still apply?

Yes—you can apply for our bad credit loans in Victoria. The only two places we don’t loan to 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!


Magical Installment Loans: We offer installment loans in the amount of $1,500- $20,000 that have a 12-60 month term with an APR 19.99% min - 46.8% max. On $1,500 borrowed for a 1 year term at 3.9% per month, the total cost of borrowing including a $194 fee is $896.00. The total amount to be paid back with interest and fee is $2,396.00. AB License #349796 and BC License #83626

NOTE: Our installment loans are open, so 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.

Magical Cash Loans - Ontario, British Columbia, Northwest Territories, Nunavut, and Yukon Residents only: We offer Magical Cash Loans in the amount of $100-$1,500.00. The cost of borrowing is $15.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $150.00. The total to payback is $1,150.00 which is an annual percentage rate of 391.07%. ON License #4741412. BC License#85919.

The 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 will impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureaus.

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