If You Live in Nunavut, You Can Take Out a Personal Loan Online!

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Bad Credit, Personal Loans in Nunavut

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!

I want to borrow:

< $2000 >
$500
Min
$10,000
Max

Why Take Out Low Interest, Personal Loans in Nunavut?

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.

Nunavut Short Term Personal Loans – Frequently Asked Questions

Shouldn’t I just take out a Payday Loan if they don’t do credit checks?

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.

I’ve been employed for 8 months—can I be eligible for a personal loan?

Yes— qualifying for a Magical Credit loan only requires a 6-month period of employment.

Do I need to fax you any of my information?

No—as an online, high-risk lender, you can transfer all of your information online.

How long do I have to pay off my loan?

We offer terms between 6-24 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!

Our loans are considered short-term loans and have up to a 12-24 month term with an interest rate of 3.9% per month.
Loan Example
Term
1 Year
APR
56.50%
Amount
$2,000.00
Fees
$194.00
Interest Rate (46.8%)
$936.00
Total Cost of Borrowing
$1,130.00
Total Due End of Term
$3,130.00
NOTE: You can pay off your loan at any time with no penalty.
You will only pay interest up to the date you borrow it.
Terms and Conditions: (APR 23% min - 59.7% max) Loan amortization is between 12-24 months. 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 with impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureau.