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Personal Loans In Nova Scotia

Magical Credit offers Nova Scotia personal loans to bad credit or low income applicants!

Our interest rates are exponentially less than payday loans at a 3.9% a month, meaning no surprise fees or surcharges. Plus, 24-hour-loan approval means no more wasted time trying to appease stingy banks, and no more spamming other online applications.

Our personal loans for bad credit can improve your credit score if you keep up with our repayment terms. So, calculate your personal loan payments with our short-term loan calculator!

I want to borrow:


Personal Loans In Nova Scotia For Personal Circumstances

Emergencies: You’re at fault for an accident on the 104, so now you’re saddled with a higher insurance rate, and a bad case of whiplash! Take out a personal loan in Nova Scotia to cover the hike in insurance and your physio bill.

Day-to-Day Expenses: If the fish aren’t biting, you’ll take a financial hit. Suddenly things like groceries, haircuts, and boat maintenance seem impossible to afford. Take out a bad credit,  personal loan in Nova Scotia, and keep up with your day-to-day expenses!

Debts: Swimming in a sea of personal consumer debts? Magical Credit offers loans for debt consolidation in Nova Scotia. Just take out a larger personal loan, and condense your sea of debts into one big iceberg!

Investments: Don’t miss out on being the captain of an industry! It’s your chance to make personal financial gains. If your buddy has a recipe for the best crab cakes and he’s opening a food truck, take out a personal loan and invest in your future!

Nova Scotia Personal Loans – Frequently Asked Questions

Why should I take out Magical Credit’s Personal Loans instead of Payday Loans?

Magical Credit’s low interest, personal loans have a fixed 3.9% monthly interest rate. Payday loan companies will charge up to $30 for every $100 you borrow. Their goal is to keep you making payments for as long as possible, whereas we’re trying to help relieve you from debt.

Can you directly consolidate my debt?

No— we don’t directly consolidate debts. But if you require debt consolidation in Nova Scotia, you can take out a bigger personal loan, thereby indirectly consolidating your debt.

How can I be sure your personal online loans aren’t some scam for my personal information?

Because our system enhances our applicants’ privacy and security, since we operate at 128-bit encryption- bank level security. Verisign – the highest level of online security – monitors and verifies our website.

What terms do you offer for your loans?

Magical Credit offers terms anywhere between 12-60 months.

If I live in Halifax, am I able apply for a personal loan in Nova Scotia?

Yes—the only places in all of Canada ineligible for our loans are Quebec and Manitoba.

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

Yes—personal loans allow you to acquire quick cash if you don’t have a credit card. Remember, you do need a bank account to be eligible, since our loans are done by direct deposit.

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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