When you need money fast, don’t go to the bank. They’re stingy with their cash; if they see the tiniest financial discrepancy on your credit history, you’ll face surefire rejection, which is terrible for your credit.
Unlike banks, Magical Credit specializes in flexible, short-term personal loans for bad credit applicants in PEI. We offer open loans, meaning you only pay interest to date and not the full term, if you choose to pay off your loan early.
You can be approved for a short-term loan in as little as five minutes. Apply today!
Keep up with your short-term loan repayment terms by calculating your monthly loan payment schedule with our short term personal loan calculator!
Yes—our short-term loans are ideal for bad credit applicants living in PEI. We don’t base our decisions solely on your credit score, but your entire credit history.
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.
No—unfortunately our loans range between $500 and $10,000.
Yes—our applicants must be 18 years or older.
Once your loan is approved, we direct deposit the funds 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!
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