Need Money Fast? Apply for A Short Term Loan in Nunavut, it Only Takes 5 Minutes to Apply!

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Need Cash Now? Apply for a Short-Term Loan in Nunavut!

You need money fast, but you already know the bank is a dead end. Your current credit score is too low, and will drop even lower if your loan applications is rejected.

If you need cash now, Magical Credit’s short term loans for bad credit applicants are approved within one business day.

I want to borrow:

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

How Can Short Term Loans Help in Nunavut?

  • Bills – Phone bills, hydro bills, internet bills, grocery bills, rent… and the list goes on. We get it, it’s easy to fall behind. Avoid the wrath of creditors, and pay off those monthly bills with one of our short term loans, so you don’t fall behind.
  • Debt Consolidation – Lump all of your debts into one easy-to-pay short term loan, by taking out a loan for debt consolidation in Nunavut.
  • Moving Expenses – Moving is hard enough without realizing you didn’t allocate enough funds for a rental truck two days before the big day. Luckily our short term easy loans are approved fast, so your mistake won’t become a catastrophe.
  • Travel Across Canada – From Iqaluit to Innisfil, Canada’s diverse landscapes are sights to behold. Magical Credit’s easy loans can help cover travel expenses such as airfare and accommodations for wherever you decide to go!

Nunavut Short Term Loans: Frequently Asked Questions

I have poor credit. Could I still be eligible for a short term loan?

Yes—we specialize in short term loans for bad credit applicants, because our lending decisions aren’t only based your credit score. Instead, we look at your entire credit history, current loans in collection, and any current consumer proposals.

If I’m currently collecting EI, can I still get a loan from Magical Credit?

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. However, your income must be at least $600 monthly via direct deposit, or else you won’t be eligible.

I need $16,000 for a new car. Can I get a loan for that amount?

No—we only loan between $500-$10,000. You can apply for a $10,000 loan and seek the rest of the money elsewhere.

Can I get a loan if I’m 19?

Yes—if you’re 18 years or older you may be eligible for one of our short term loans.


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.