North Bay Personal Loans

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We Give You the Credit You Deserve

Regardless of your personal financial situation, Magical Credit is here to help you find the personal loan you need. We look past your credit history to make personal loans easily available to you.

Every household in North Bay can depend on Magical Credit for their personal loan, whether it's government benefits, maternity leave, child tax credits, pensions, or anything else. We’re here to work with you in achieving all of your financial goals and needs.

Read more about the types of income we accept.

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The Magical Credit Guarantee

Fixed Personal Loan Rates, Terms, and Interest

Enjoy a stress-free borrowing experience with our personal loan options, allowing you to take advantage of an interest rate as low as 3.9% on your monthly payments. Our flexible loan terms range from 12 to 60 months.

Quick and Easy Access to Your Funds

Magical Credit can provide you with access to your approved funds in as soon as one business day, with no additional requirements or hidden fees.

Pay Off Your Loan as Quickly as You Want

We don’t charge any penalties or prepayment fees if you choose to pay off your loan earlier than expected, giving you the flexibility to manage your finances your way.

24/7 Online Services

Keep a close eye on your finances and loans no matter where you are with our 24/7 directory and online services, allowing you to stay informed and in control.

Qualify for A Short-Term Personal Loan Now

Magical Credit makes applying for a personal loan fast and easy for North Bay residents. Our simple application process and speedy approvals make it effortless to secure your cash loan. If approved, you can expect to receive a short-term loan in just one business day, directly deposited into your bank account. 

Why Magical Credit Loans?

Canada’s Personal Loan Leader

Start building a better future for your personal loan when working with Magical Credit.

Easy Online Loan Application

With our fast and easy loan application process, you can save time and effort by letting us take care of the details for you.

Super-Fast Loan Approval

We strive to approve your personal loan as quickly as possible, with funds deposited directly to your bank account within 24 hours of application.

Responsible Lending

We take the responsibility of approving loans seriously, which is why we conduct a thorough review of each application we receive. Once we approve your loan, you can trust that we have confidence in your ability to make good on your commitment.

We Make Repayment Simple

Our trustworthy system ensures that adhering to your repayment schedule is effortless and transparent, with no unexpected surprises or hidden regulations.

Your Privacy Matters

Our commitment to safeguarding your personal information is evident through our online services, which are designed to provide you with complete privacy and security

over 5,000
4 out of 5 stars
customer rating
4.16 out of 5
customers would recommend to their friends
secure process

How Our Personal Loans Work

At Magical Credit, we offer a simplified and streamlined lending process, featuring an easy repayment calendar to help you get started. All you need to do is input the amount you want to borrow and your desired repayment period, and if the terms meet our criteria, submitting your application online from any device is effortless.

We will assess your income and credit history within 24 hours and inform you of your personal loan approval status.

After approval, you can receive your funds almost instantly and refer to our straightforward repayment schedule to begin making your payments.

Our Loans Open Up Possibilities

Sometimes, all you might need is a personal loan to open the door to a brighter future.

  • Handle unexpected expenses: It's impossible to predict when emergencies such as medical bills or unexpected home repairs might happen, but with a loan from us, you can have peace of mind knowing that you'll have the funds you need to deal with them.

  • Boost your credit rating (or consolidate your debt): Using our simple repayment calendar to ensure timely payments is the best way to improve your credit score. Start your journey towards a better credit rating today!

  • Upgrade your education: Expand your career options by investing in yourself with a personal loan. Pay for a professional certification or enroll in a skills training program to enhance your resume.

  • Buy a car (Or repair the one you’ve got): In many areas, having a reliable mode of transportation is vital to finding and keeping a job. With a small loan, you can make a down payment on a new car, or keep your current one running smoothly.

  • Fund a renovation project

  • Take a vacation

Where the Magic Happens

At Magical Credit, we’re proud to offer personal loans across Canada, not just in the GTA! Whether you’re in a major city or a remote area, we’re here to help. 

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

Applying for Your Loan Has Never Been Easier

Get Your Information Ready

Prior to submitting your personal loan application, ensure that you have all the necessary documents ready, such as your employment history, income, and Social Insurance Number.

Go Through Our Application Process

Once you have your information ready, applying for your loan through our online application process is a breeze – just input your loan amount and repayment term.

Instant Access to Your Funds with Ease

With Magical Credit, you can receive a response on your loan application status in as little as 24 hours, granting you immediate access to the funds you need.

We Lend Responsibly

Our mission at Magical Credit is to simplify financial management for our clients in Canada. As specialists in personal loans, we adhere to all federal and provincial lending regulations, and ensure that every loan we approve is granted to someone who can fulfill their repayment obligations.

We are here to help you with the loan process at Magical Credit.

About North Bay

North Bay is a small city in northeastern Ontario, on the shore of Lake Nipissing. With a population of approximately 51,000 people, it is the largest city in the Nipissing District and serves as the region's commercial and cultural hub.

North Bay has a rich history as a transportation and communication center, dating back to its days as a fur trading post in the early 1800s. Today, it is home to a diverse economy, with industries ranging from aerospace and defence to healthcare and education. The city is also known for its vibrant arts and culture scene, with numerous galleries, theatres, and festivals taking place throughout the year.

In addition to its urban amenities, North Bay is surrounded by natural beauty, including the stunning Lake Nipissing, Trout Lake, and the nearby Laurentian Mountains. Outdoor enthusiasts can enjoy a variety of recreational activities, such as fishing, boating, hiking, skiing, and snowmobiling.

In order to meet their financial needs, North Bay residents need access to quick loans and financial security from reliable lenders. Throughout North Bay, there are a variety of major banks including TD Canada Trust, RBC Royal Bank, and Scotiabank, as well as other locations such as BMO Bank of Montreal, that cater to a range of industries and specialty services. Magical Credit is committed to providing trustworthy financial services and support to North Bay residents.


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