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!
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!
While we can’t consolidate your debt directly, you can take out one big personal loan to cover your smaller debts.
No— qualifying for a personal loan in B.C. requires a 6-month period of employment.
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.
Magical Credit’s loans are short-term, and our repayment terms are anywhere between 6-60 months. Use our short-term loan calculator to calculate your bad credit, personal loan payment schedule.
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!
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.