Personal Loans in Markham

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Need An Easy Personal Loan?
Magical Credit Loans Are As Simple As

I want to borrow:


We Give You the Credit You Deserve

If you find yourself facing challenges securing a personal loan from banks or payday companies, Magical Credit is your solution. We look past your credit history, whatever it may be, to bring you personal loans.

Magical Credit offers all households across Markham bad credit loans, and accept all government subsidies from maternity leave, pensions, and child tax credit. If you’re looking for a loan from a credit company that cares about your needs, Magical Credit is here to help. 

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

Applying for a bad credit loan from Magical Credit is a fast and easy process for all residents of Markham. We offer quick approval for your cash loan with an even quicker application process. Secure your short-term loan in as little as one business day, deposited directly into your bank account. 

Why Magical Credit Loans?

Canada’s Personal Loan Leader

Bad credit can bring serious consequences. At Magical Credit, we help you build towards a better future.

Easy Online Loan Application

Our quick and easy application process saves you valuable time out of your day. All you need to do is fill in some basic details and we’ll handle the rest.

Super-Fast Loan Approval

We make sure you can get your bad credit loan approved as quickly as possible, with funds in your bank in as short a time as 24 hours after you apply.

Responsible Lending

In order to guarantee securing your loan is a smooth and easy process, we must decide whether or not your application can be approved. Once approved, you can rest easy that we truly do believe in your ability to make good on your commitment.

We Make Repayment Simple

Our surprise-free system makes staying on top of your repayment schedule simple and transparent, with no hidden rules.

Your Privacy Matters

Our online services keep all your private information between us with a 100% secure guarantee.

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How Our Bad Credit Personal Loans Work

Bad Credit Loans are typically offered to people whose previous credit history is poor or insufficient. While these loans are cheaper than credit cards or payday loans, they do come with higher rates than ordinary loans.

Magical Credit offers a streamlined approach to lending, with our loan process beginning with a simple monthly repayment calendar. If the number you enter for what you wish to borrow, along with your repayment term, are low enough for you, applying online is easy from any computer or mobile device.

Within 24 hours, we will evaluate your credit history and income and get back to you on your approval status for your bad credit loan.

Get your cash almost instantly after approval and be ready to use our simple repayment calendar to make 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: It’s impossible to predict disasters, be they medical emergencies or failing equipment. In such a busy city, you can be safe in knowing your loan means cash on hand to deal with any problem.
  • Rebuild your credit rating: The best way to start rebuilding your credit is by showing you have the capacity to repay your loan. With our easy repayment calendar, get started today.
  • Upgrade your education: Become a more appealing candidate for employers by learning new skills from a college course, or mastering a trade, using your loan.
  • Buy a car (Or repair the one you’ve got): It’s not easy to hold on to work in Markham without access to a car that can navigate the crowded roads. Your cash loan can help you put a down payment on a new car.
bad credit loans Markham

We Lend Responsibly in Markham

Bad credit is often accumulated after committing financially in ways you weren’t able to repay.

While we specialize in personal loans, it is also important to us as a Canadian lender to start making your finances easier to manage. We comply strictly with all of Canada’s provincial and federal lending regulations, and are dedicated to guaranteeing each loan we approve is offered to someone who has proven their ability to meet their repayment obligations.

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

About Markham

With almost 340,000 residents, Markham is one of Ontario’s largest cities. Between major industries and specialty services such as advanced manufacturing, finance, real estate, home improvement, replacement windows and doors, insurance companies, it’s no wonder that residents of Markham need trusted access to quick loans and financial security. Throughout Markham, there are many branches of banks such as TD Canada Trust, RBC Royal Bank, and Scotiabank, as well as locations for others, including CIBC and Meridian Credit Union. Magical Credit is here to provide Markham citizens with the additional financial security it needs. 

Lending Money 7 Days / Week in Markham, 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.

1376 people applied for a loan with us in the last 7 days
164 people applied for a loan with us in the last 24 hours