You need cash and you need it quick. Whether it’s an emergency car repair or a new fridge, you need a short-term loan to cover expenses. But if you have poor credit, applying for a short-term loan can feel next to impossible.
Magical Credit specializes in flexible, short-term loans for Newfoundlanders with bad credit. We offer open loans, meaning you only pay interest to date and not the full term. And best of all, there is no penalty for paying off your loan early!
If you live in St. John’s, Labrador City, or anywhere else in beautiful Newfoundland, you can be approved for a short-term loan in as little as five minutes. Apply Now!
Need a short-term 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!
Yes, we offer short-term loans for bad credit applicants living in Newfoundland. Unlike banks, we don’t base our decisions solely on your credit score, but your entire credit history. If you earn more than $600 monthly via direct deposit, you can apply for a short-term loan.
Yes, Magical Credit accepts traditional and non-traditional sources of income. we accept government subsidies (e.g. EI, CPP, baby bonuses), as well as income from pensions or maternity benefits.
Sorry, our loans range between $500 and $10,000.
You must be 18 years or older to apply for a Magical Credit loan.
Once your short-term loan gets approval, your funds are deposited directly into your bank account.
Our rate is 3.9% a month
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!
Earn $50 in seconds!
Participate in our referral program for cash rewards.