You’re broke, you have bad credit, and you need a fast and easy loan. You can’t go to the bank because you’ll get laughed off the premises for even thinking you’d be considered. And everybody knows payday lenders can’t be trusted.
Thankfully, Magical Credit specializes in easy approval personal loans in Nunavut for bad credit applicants, only charging interest to date, and not for the entire term. Our online loan application takes just 5 minutes to complete, too!
Emergencies: The roads are pretty icy out here. You can be on a leisurely drive and the next thing you know you’re upside down at the bottom of a ditch. These kinds of hiccups will set you back, but a personal loan can keep you moving forward.
Day-to-day: Food, gas, clothing, haircuts, and other life necessities become luxuries when your finances are on thin ice. A personal loan will help you manage your day-to-day expenses until your bank account finds solid footing.
Debt Consolidation: The stress of numerous consumer debts will make you feel the heat even in the midst of a Nunavut winter. Turn your several debts into a personal loan for debt consolidation in Nunavut.
Dental Surgery: The sacrifices you make for hockey are always worth it… until a high stick knocks out a mouthful of your chicklets. Canada’s healthcare reimbursements don’t cover dental surgeries, so take out a personal loan to refill those gaps in your smile.
Maybe—but payday loans are infamously expensive because of the high insolvency rates associated with them. Borrowers only look past the high interest and expensive premiums charged for early repayment, simply because they’re vulnerable and need easy and fast approval.
Magical Credit, on the other hand, provides low interest, personal loans. We offer a fixed 3.9% monthly interest rate on top of easy & fast loan approval. You only pay interest to date without being charged a penalty for early repayment.
Yes— qualifying for a Magical Credit loan only requires a 6-month period of employment.
No—as an online, high-risk lender, you can transfer all of your information online.
We offer terms between 6-60 months.
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 and British Columbia 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.