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Get a Bad Credit, Short-Term Loan in Saskatchewan

Do you get paid next week, but need cash to pay off an electrical bill or purchase groceries now? Have you tried getting a short-term loan from the bank but got rejected?

Regardless of the reasons why you need money now, Magical Credit provides short-term loans in Saskatchewan to help low-income families with bad credit cover the cost of unexpected expenses. We offer open loans, which means you only pay interest to date, and not the full term. Unlike other lenders, our short-term loans are flexible, with fixed interest rates and no hidden fees.

Apply today for a short-term loan in as little as 5 minutes!

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 personal loan calculator!

I want to borrow:

< $2000 >

Why Get a Short-Term Loan in Saskatchewan?

Computer/Smartphone Expenses – We live in a digital age where computers and smartphones reign supreme. Without access to a personal computer or a smartphone, it’s difficult to find work, communicate, or even do your job. It’s time to enter the 21st century with a short-term loan from Magical Credit.

Debt Consolidation – Are your car payments, mortgage, and credit card bills becoming unmanageable? Are you overwhelmed with debt and want an easier solution to pay off creditors? Our short-term loans can help you combine several bills into one manageable monthly payment.

Dental Expenses – Maintaining good oral hygiene is the key to living a long and healthy life. However, dental procedures are costly, especially if your dental bills aren’t covered. Whether you need to fix a chipped tooth or get a root canal, a short-term loan from Magical Credit is the solution to your dental needs.

Tuition – Attending courses at Southeast College or the University of Saskatchewan is expensive, and sometimes government loans won’t cover the full cost of tuition. Magical Credit’s short-term loans can help you pay off the school year or semester so you can focus on studying.

Short-Term Loans Saskatchewan FAQ

Why is a short-term loan from Magical Credit better than a payday loan?
  • We have lower-interest rates than payday companies. All our short-term loans have a monthly fixed interest rate of 3.9%. Many payday companies will charge $30 out of every $100 you borrow.
  • No surcharges or hidden fees.
  • We offer small, affordable monthly payments that are easy to make.
  • Instant approval process (within 24 hours of applying).
I earn a low-income and have bad credit. Can I be approved for a short-term loan?

Yes. we offer short-term loans to low-income families in Saskatchewan that have bad credit. Unlike most lenders, Magical credit looks at your entire credit history, instead of your credit score when determining if you qualify for a loan.

If I previously declared bankruptcy or defaulted on a loan, can I apply for a short-term loan?

No. If you declared bankruptcy in the past or defaulted on a previous loan, you will not be approved for a short-term loan.

I only need a $300 loan. Is it possible to borrow less than $500?

No. Magical Credit only offers short-term loans between $500 and $10,000.

I’m currently receiving my pension as a source of income, can I still be approved for a cash loan?

Yes. Our cash loans are available to people with traditional and non-traditional sources of income. To see if your source of income is accepted, visit our Who Qualifies page.

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
1 Year
Interest Rate (46.8%)
Total Cost of Borrowing
Total Due End of Term
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.