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Personal Loans Online In Newfoundland

Magical Credit can help navigate Newfoundlanders to fiscal safety when their personal finances economically capsize! We offer you a monetary life boat in the form of our lower interest personal loans—with a simple fixed monthly interest rate (3.9%), meaning no surprise fees or surcharges.

Much like the high seas of the Atlantic, our loans are open! You’re able to pay them off early without facing extra premiums like you would with a payday loan.

Our 24-hour loan approval are your monetary lighthouse when your bank account is flooded by expenses and you need money fast!

We specialize in loans for bad credit applicants, so you won’t drown in an ocean of loan rejections that further damage your credit.

I want to borrow:


Personal Loans For Personal Circumstances

Emergencies: Only pessimists plan for emergencies. The fact is, you can’t be prepared for a beluga whale diving out of the water and crushing your boat. When a personal emergency takes you by surprise, our personal bad credit loans in Newfoundland have you covered!

Day-to-day: The only thing worse than a man falling overboard, is a bank account falling into overdraft! Putting food on the table becomes a luxury, never mind standard every day expenditures like transportation. Let our personal loans right your financial ship.

Debt Consolidation: With several consumer debts, your personal life takes a hit. The stress of keeping up with multiple payments and the fear of being hounded by creditors is trying. Turn your several debts into one easy-to-pay personal loan for debt consolidation in Newfoundland!

Investments: Most expenditures are investments into your own personal growth. Whether it’s a car, a boat, a home, or a business, you’re investing into your future. If you’re low on funds and have bad credit, Magical Credit will lend to you so you can invest into yourself!

Newfoundland Personal Loans – Frequently Asked Questions

If I have bad credit, can’t I just take out a Payday Loans?

You could, but you’d get raked over the coals. While Magical Credit’s low interest, personal loans in Newfoundland offer a fixed 3.9% monthly interest rate, payday loan companies charge up to $30 for every $100 you borrow. You’ll also be charged a premium for paying a payday loan off early, whereas you can pay a Magical Credit loan off as early as you want.

Do you offer direct debt consolidation?

No—but you can take out a larger personal loan from Magical Credit to cover your smaller debts, effectively consolidating your debt.

How do I know if your online personal loans aren’t a ruse for my personal information?

Our system enhances your privacy and security, and operates at 128-bit encryption- bank level security. Verisign – the highest level of online security – monitors and verifies our website.

Can I get a loan if I don’t have a credit card?

Yes—personal loans are a great way to acquire quick cash if you don’t have a credit card.

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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