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Need a loan in New Brunswick? Get a Short Term, Personal Loan from Magical Credit!

If you need cash now, but your bad credit is forcing you to deal with the perils of payday loan companies, Magical Credit is the high-risk lender for you!

We provide flexible short-term loans that are ideal for bad credit applicants. You’ll only pay interest to date, and not the full term, as our loans are open – pay off your loan at any time, with no penalty!

If you’re unsure you can keep up with the short-term loan repayment terms, calculate your monthly loan payment schedule with our short term personal loan calculator!

I want to borrow:

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

Why You Need a Bad Credit, Short Term Loan in New Brunswick

  • Bills – Whether it’s insurance for your car, or insurance for your boat, you can’t afford to miss payments. A short-term loan in New Brunswick will keep angry creditors off of your back!
  • Boat Repairs – Trout may be plentiful on the shores of Moncton, but if your boat has turned into a giant paperweight, you’ll miss out on more than the catch of the day. Reel in a short-term loan from Magical Credit, and get back on the water!
  • Automotive Expenses & Maintenance – Your Dodge needs new brakes before your road trip to Fredericton, but you’ve got no money and your credit’s bad. Our short-term loans are ideal for bad credit applicants. It’s time to hit the open road!
  • Travel – You’ve been everywhere in New Brunswick. You’ve eaten all the fish, sailed the seas, and driven through every square inch of its roads. Take out a short-term loan, and explore the rest of Canada!

FAQs - Online Short-Term Loans in New Brunswick

How short are the terms for your short-term loan?

Our loans have 12-24 month terms.

Do we get to pay less interest since it’s only a short-term loan?

No—all of our loans have an interest rate of 3.9% a month.

Can I apply for a $15,000 loan?

No—our smaller loans start at $500, and our larger loans top out at $10,000.

I need a loan, but my credit isn’t good, can I still be eligible for your loans?

Yes—we are a high-risk lender specializing in short-term loans for bad credit applicants. Unlike other lenders, credit scores aren’t our main sticking point. If you collect $600 a month via direct deposit, haven’t defaulted on any payday loans, and have been discharged from any bankruptcies or consumer proposals, you may be eligible.

I need a loan, but am unemployed. Will you lend to me?

Yes—we accept non-traditional sources of income such as government subsidies (e.g., EI, CPP, baby bonuses) as well as income from pensions or maternity benefits.

I live in Fredericton, will I still be considered for your short-term bad credit loans?

Yes—we offer bad credit loans in Fredericton, and the rest of New Brunswick. The only ineligible provinces in Canada are Manitoba and Quebec.


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.