Looking for a High-Risk Money Lender in Nova Scotia? Apply today with Magical Credit in 5 Minutes or Less!

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Magical Credit Provides Short Term Loans in Nova Scotia

Magical Credit isn’t like your local bank. We’re a high-risk lender, specializing in short-term loans for bad credit applicants collecting non-traditional sources of income.

Since we provide open loans, you’ll be paying interest to date—not for the full term. And unlike payday loans, there are NO extra fees for paying your loan off early.

Since we know that time’s a factor, you can apply online for our short-term loans in as little as 5 minutes!

Not sure you can keep up with the repayment terms for our short-term loans? Plan your monthly loan payment schedule with our short term personal loan calculator!

I want to borrow:

< $2000 >
$2,000
Min
$10,000
Max

Why You Should Apply for a Bad Credit, Short Term Loan in Nova Scotia

  • Bills – Avoid the extra service charges, late fees, and angry creditors that accompany missed bill payments by taking out a short-term loan in Nova Scotia.
  • Automotive Expenses– Your Chevy needs a tune-up for your road trip to Dartmouth, but you’re low on cash, and you have poor credit. Our short-term loans are ideal for bad credit applicants, and can help you hit the open road!
  • Boat Repairs –  Lobster season can be booming on the shores of Halifax, but if your boat is out of commission you can’t capitalize. Magical Credit’s bad credit short-term loans in Halifax can steer you towards the high seas.
  • Travel – If you hear another crash of a wave, you’re going to go crazy! All you want is a few weeks on dry land! Tickets are expensive, but you deserve a vacation. Take out a short-term loan, and take a trip away from Nova Scotia.

Short Term Loan in Nova Scotia FAQs

Can I still be eligible for your short-term loans if I have bad credit?

Yes—Magical Credit is a high-risk lender in Nova Scotia, specializing in loans for bad credit applicants! We don’t weigh your credit score as much as we weigh your overall report of credit.

I’m not employed. Can I be considered for a loan?

Yes—we accept traditional and non-traditional forms of income (EI, Child Tax, Government Subsidies, etc.). As long as you’re collecting $600.00 per month via direct deposit, you may be eligible.

I need a loan for $150, can you do that?

No—we only offer loans anywhere between $500 and $10,000.

What do I need to apply?

To apply, you need the following:

  • Be 18 years or older
  • Valid chequing account
  • Proof of income
  • Valid ID
  • SIN
Do I have to fax any documents to your head office?

No, we only offer our fast and easy loans online, so you can just upload everything to our site.

Why do I need a bank account?

Once your short-term loan gets approval, your funds are deposited directly into your bank account.


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.