Loans from the bank are a lot like Moby Dick: endlessly hunting for them will only lead to your downfall.
Banks notoriously throw non-stop obstacles at you during a loan application process. And by the time these “reputable” establishments are finished, you’ll be left with a lower credit score, and a higher number of grey hairs.
Magical Credit is a private loan company that doesn’t scoff at bad credit—so when you’re fiscally capsized, swim to safer shores and apply for a bad credit, private loan in Newfoundland!
A private loan is provided by a private lender or institution instead of a bank, and are faster, easier, and more accommodating.
Yes! We are a high-risk lender, specializing in loans for bad credit applicants. Your eligibility doesn’t solely rely on your credit score. Instead, we review your entire credit history.
Absolutely. Our private loans are available anywhere in Canada, except Manitoba and Quebec.
You need a minimum direct deposit income of $600 monthly— by means of an employer, or a non-traditional source such as a government subsidy.
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!
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