London Personal Loans.

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Magical Credit Loans Are As Simple As

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We Give You the Credit You Deserve

Magical Credit is your best option for securing a personal loan that’s right for you. Our team looks past your past credit information to focus on your needs right now. 

From personal loans to bad credit loans, Magical Credit brings households across London the help they need, accepting government subsidies of all forms, including pensions, maternity leave, and child tax credit. For a company that cares, choose Magical Credit. 

Read more about the types of income we accept.

Magical Credit Loans Magical Credit provides loans for people with bad credit. If you need money fast, apply for Magical Credit bad credit loan and get up to $20,000! 2024-02-28 PT1M01S

Qualify for a Short-Term Personal Loan Online

Securing your personal loan from Magical Credit couldn’t be easier for London residents. Our team brings you quick approvals for cash loans, and an even quicker application process. Your loan can be ready in as little time as one business day, deposited directly into your bank account for your convenience.

Why Magical Credit Loans?

Canada’s Personal Loan Leader

Magical Credit helps you build towards a better future with access to trusted personal loans.

Easy Online Loan Application

Our application process is quick and easy, and saves you valuable time out of your busy day. All we need is some basic details before we take care of the rest.

Super-Fast Loan Approval

We get your personal loan approved as quickly as possible, making sure you get your funds deposited in your bank account in as short a time as 24 hours after you apply.

Responsible Lending

The first step is for us to decide whether or not your application can be approved in order to guarantee securing your loan is quick and easy. Once we’ve approved your application, you can be sure that we really do believe in your ability to make good on your commitment.

We Make Repayment Simple

With our reliable system, you can rest assured that your repayment schedule will be smooth and easy, with no surprises.

Your Privacy Matters

We make sure to keep all your private information 100% secure with our trusted online services.

over 5,000
4 out of 5 stars
customer rating
4.16 out of 5
customers would recommend to their friends
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How Our Personal Loans Work

At Magical Credit, we offer a streamlined approach to lending, with a simple monthly repayment calendar starting off our loan process. If the amount you wish to borrow, along with your repayment term, are low enough for you, applying online from a computer or mobile device has never been easier. 

We evaluate your credit history and income within just 24 hours, and get back to you on your approval status for your personal loan. 

After approval, get your cash almost instantly, and rely on our simple repayment calendar to start making payments. 

Our Loans Open Up Possibilities

All it takes is a small personal loan to open the door to a brighter future.

  • Handle unexpected expenses: Medical emergencies or failing equipment are just some of the types of disasters that are impossible to predict. Stay safe in knowing that your personal loan means the cash on hand you need to deal with anything that comes your way. 

  • Boost your credit rating: The best way to add an extra boost to your credit rating is by showing that you can repay the loans you take out. With our easy repayment calendar, get started today. 

  • Upgrade your education: Become a better candidate for employers by taking a college course or mastering a trade with your new personal loan. 

  • Buy a car (or repair the one you’ve got): Holding onto work without a car isn’t easy. Your new personal loan can help you put down a payment on a new car. 

Where the Magic Happens

Although our head office is located in the GTA, we provide bad credit loans almost everywhere in Canada! If you live in one of the following provinces and territories, then get ready to learn why Magical Credit is the Canadian bad credit loan leader:

  • Ontario
  • Alberta
  • British Columbia
  • New Brunswick
  • Newfoundland
  • Nova Scotia
  • Nunavut
  • Prince Edward Island
  • Yukon

We Lend Responsibly in London

We specialize in personal loans, and we care about making your finances easier to manage as Canadian lenders. We comply strictly with all of Canada’s federal and provincial lending regulations, and we are dedicated to making sure each loan we approve is offered to someone who can meet their repayment obligations. 

Magical Credit is here in London to help you make your process as easy as possible. 

About London

With over 420,000 residents, London is a thriving city in southwestern Ontario. Near the Thames River and with close access to both Toronto and Detroit, London is a social hub and a major centre for healthcare services and education, housing major institutions such as Western University. The city is home to a number of exhibitions and festivals each year, and its economic sector is centred around healthcare services, education, and information technology. 

Between its major industries and specialty services, London is a city whose residents need access to quick loans and financial security they can trust. Across London, there are a number of major branches of banks, such as Scotiabank, TD Canada Trust, and HSBC, as well as locations for others, including RBC Royal Bank. At Magical Credit, we’re here to provide the residents of London with the financial services they need. 

Lending Money 7 Days / Week in London, ON 


Magical Installment Loans: We offer installment loans in the amount of $1,500- $20,000 that have a 12-60 month term with an APR 19.99% min - 46.8% max. On $1,500 borrowed for a 1 year term at 3.9% per month, the total cost of borrowing including a $194 fee is $896.00. The total amount to be paid back with interest and fee is $2,396.00. AB License #349796 and BC License #83626

NOTE: Our installment loans are open, so you can pay off your loan at any time with no penalty. You will only pay interest up to the date you pay it off.

Magical Cash Loans - Ontario, British Columbia, Northwest Territories, Nunavut, and Yukon Residents only: We offer Magical Cash Loans in the amount of $100-$1,500.00. The cost of borrowing is $15.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $150.00. The total to payback is $1,150.00 which is an annual percentage rate of 391.07%. ON License #4741412. BC License#85919.

The 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 will impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureaus.

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