Oshawa Personal Loans

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Magical Credit Loans Are As Simple As

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We Give You the Credit You Deserve

For a way to secure personal loans you can rely on, Magical Credit is right for you. Our team will look past whatever your past credit information may be to focus on what you need most today. 

From bad credit loans to personal loans, households across Oshawa can get the help they need, along with support for government subsidies of all forms, including maternity leave, pensions, and child tax credit. At Magical Credit, we care about you. 

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

For Oshawa residents, securing your personal loan with Magical Credit couldn’t be easier. You can rely on our team to bring you quick approvals and an even quicker application process, with your loan ready to go in as little as one business day and deposited right into your bank account.

Why Magical Credit Loans?

Canada’s Personal Loan Leader

Magical Credit helps you form a better future by providing access to trusted personal loans.

Easy Online Loan Application

With our quick and easy application process, you can save valuable time out of your busy day. All we need is for you to provide some basic details, and we’ll handle the rest.

Super-Fast Loan Approval

We will get your personal loan approved as soon as we can, and will make sure to deposit your funds directly into your bank account as soon as 24 hours after application.

Responsible Lending

Our first step is deciding whether or not we can approve your application, in order to ensure securing your loan will be quick and easy. After you have been approved, you can rest assured that we really do believe in your ability to follow through on your commitment.

We Make Repayment Simple

With our reliable system, we will help make your repayment schedule easy and smooth, with no surprises.

Your Privacy Matters

Our reliable online services help keep your private information 100% secure.

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

Our approach to lending is streamlined at Magical Credit, offering you a simple monthly repayment calendar to begin your loan process. If the amount you wish to borrow, along with your repayment term, is low enough, it’s easier than ever to apply online from a computer or mobile device. 

Once your credit history and income have been evaluated, we will get back to you within 24 hours about your approval status for your personal loan. 

After you have been approved, start getting your cash almost instantly and begin making monthly payments with our simple repayment calendar.

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 only several of the types of disasters you can’t see coming. Stay secure in the knowledge that your personal loan means you have the cash you need on hand to face anything that comes your way. 

  • Boost your credit rating: Showing you’re able to repay your loans is the strongest way to boost your credit rating. With our simple repayment calendar, get started today. 

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

  • Buy a car (or repair the one you’ve got): Maintaining a job can be hard without a car. With your new personal loan, start saving for a down payment.

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 Oshawa

Our specialty at Magical Credit is personal loans, and we can help make managing your finances easier as Canadian lenders. We make sure to adhere strictly to Canadian federal and provincial lending regulations, and we are dedicated to approving loans for those able to meet repayment obligations. 

We at Magical Credit are here in Oshawa to make your process as easy as possible. 

About Oshawa

With a population of around 175,000, Oshawa is a city in Southern Ontario on the Lake Ontario shoreline, 60 kilometres east of downtown Toronto and the eastern anchor of the Golden Horseshoe and the Greater Toronto Area. Oshawa features three major centres of education, including Durham College, Trent University Durham, and Ontario Tech University, and is an economic capital in the sectors of education and health sciences. 

Oshawa offers its residents the access they require to personal loans and financial security with dedication and ease. The city is home to several major banks, including Scotiabank, TD Canada Trust, and Meridian Credit Union, along with others such as the Oshawa Community Credit Union and the National Bank of Canada. Magical Credit is proud to serve the residents of Oshawa by offering them access to the financial security they need. 

Lending Money 7 Days / Week in Oshawa, 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.

1378 people applied for a loan with us in the last 7 days
166 people applied for a loan with us in the last 24 hours