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Get A Loan with Bad Credit in Saskatchewan

The cost of living is quickly rising in Saskatchewan, and necessities like electricity, clothing, and food are becoming more expensive for families across the province.

Do you need help keeping up with your bill payments? Do you need quick cash, but have bad credit?

Magical Credit specializes in short-term personal loans for low-income families in Saskatchewan!

Unlike banks, Magical Credit looks beyond your credit score when determining your eligibility for a short-term, personal loan. Avoid sneaky fees and high-interest rates with our fixed monthly interest rate (3.9%), and apply for a short-term personal loan today! It’s quick and easy.

Fill out a 5-minute online loan application and be approved for a personal loan in Saskatchewan in as little as one business day!

Need a loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our personal loan calculator!

I want to borrow:

< $2000 >

Why Get a Bad Credit Loan?

  • Rent & Bills – Living in Saskatoon or Regina can be expensive. Stay on top of your rent and bills with a personal loan from Magical Credit.
  • Sports – Everyone knows that Saskatchewan is home to the best CFL fans in the country. The Roughriders are our pride and joy, but watching them live is expensive. If you want to support the home team but can’t afford tickets, Magical Credit’s personal loans can help get you to the game.
  • Visit Saskatchewan’s National Treasures – The province is full of natural beauty to take advantage of— from the Athabasca sand dunes, to the Twisted Trees of Altricane. However, these attractions are expensive and difficult to get to. Our personal loans in Saskatchewan can help you plan the perfect road trip by alleviating the costs of travel and accommodations.
  • Pay for Your Wedding – Bad credit shouldn’t stop you from having the wedding of your dreams. This is one of the special moments you cherish with your partner forever. A personal loan from Magical Credit can help pay for large wedding expenses like the venue, the bride’s dress, and your unnecessarily large wedding cake.
  • Clothes – In Saskatchewan, winters are frigid, with temperatures below freezing throughout the season. Temperatures as low as -50°C have been recorded, so it’s crucial to have warm clothes if you plan on surviving to the summer. A personal loan in Saskatchewan can help buy winter essentials to protect you and your family from the cold.

Bad Credit, Personal Loan FAQs

If I have bad credit, can I receive a personal loan?

Yes, you can. We specialize in personal loans for those with bad credit. We don’t make our decisions solely on credit scores. If you receive at least $600 a month via direct deposit, we will consider you for a personal loan.

If I'm currently unemployed, will you lend to me?

Yes— our personal loans are available to people with a variety of income sources. We accept non-traditional sources of income such as government subsidies (e.g. EI, CPP, baby bonuses), income from pensions, and maternity benefits. If you’re receiving a monthly direct deposit to your bank account, we will consider you for a personal loan.

What is the maximum amount I can borrow?

Cash loans are between $500 and $10,000.

If I have an income of $800 a month do I qualify for a bad credit loan?

Yes— If you receive at least $600.00 a month via direct deposit, you may be eligible for a bad credit loan.

Are there any requirements before I apply?

To apply, you must have the following:

  • Be 18 years or older
  • Valid chequing account
  • Proof of income
  • Valid ID
  • SIN
Do I need to send you guys any physical documentation?

No— Magical Credit exclusively offers loans for bad credit ONLINE. You can send us everything through our site.

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
1 Year
Interest Rate (46.8%)
Total Cost of Borrowing
Total Due End of Term
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.