If you find yourself facing challenges securing a personal loan from banks or payday companies, Magical Credit is your solution. We look past whatever credit history you may have to bring you bad credit personal loans.
We at Magical Credit offer households across all of Ottawa bad credit personal loans, and accept all forms of government subsidies, from workers comp and unemployment insurance to pensions, child tax, and maternity leave. We care about your needs, and are here to help you find the right loan for you.
Magical Credit makes applying for a bad credit loan fast and easy for all residents of Ottawa. We approve your cash personal loan quickly, and our application process is even quicker – secure your short-term loan as soon as in one business day, deposited directly into your bank account.
Bad credit carries the potential for serious consequences. Magical Credit can help you build towards a brighter and better future.
Save valuable time out of your day thanks to our quick and easy application process – all you need to do is fill in your basic details and let us handle the rest.
With Magical Credit, get your personal loan approved as quickly as possible, and only 24 hours between your application and seeing your funds in your bank account.
To guarantee that the process of securing your personal loan is smooth and easy, we first have to take the time to decide whether or not we can approve your application. Once we do, rest assured that we truly do believe in your ability to follow through on your commitment.
Stay on top of your repayment schedule with our simple and transparent surprise-free system and no hidden rules.
Our online services have a 100% secure guarantee to ensure all of your private information stays hidden.
Bad Credit Personal Loans are loans usually offered to those whose previous credit history is poor of lacking. These loans may be cheaper than credit cards or payday loans, but they do also come with higher rates that other loans.
Get a streamlined approach to lending at Magical Credit with our simple monthly repayment calendar and loan process. If your repayment term and number you plan to borrow are low enough for you, apply online easily from any computer or mobile device.
All it takes is 24 hours for us to evaluate your credit history and income and get back to you on the status of your approval for your bad credit loan.
You get your cash almost instantly after your approval, and can start using our simple repayment calendar to make your payments.
Sometimes a small bad credit loan is all you need to open the door to a brighter future.
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:
Most often, bad credit is accumulated after committing financially to things you’re not able to repay.
As Canadian lenders along with bad credit lenders, we take care to make your finances easier to manage, and comply with all of Canada’s provincial and federal lending regulations. We guarantee each loan we approve gets offered to somebody who can meet repayment obligations.
Magical Credit is here to help make your process as easy as possible.
With a population reaching of over a million residents, Ottawa is Canada’s fourth-largest city. As the capital of Canada, Ottawa is located in the east of southern Ontario near the US border, and has a blossoming landscape, along with invigorating city life. From residents to tourists, visiting Ottawa is a year-round experience that offers many activities and sights to see, along with major industries such as finance and insurance, home improvement including replacement windows and doors, tourism agencies, gyms, fitness studios and specialty services that represent the best of Canada.
There are a variety of banks and their branches that are among the most popular in Ottawa, primarily including Alterna Savings and CIBC, along with RBC, TD Canada Trust, and Desjardins Credit Union. Ottawa also has a diverse network of personal loan lenders supplying residents of Ottawa with loans for terms as short as 3 months to terms as long as several years, as well as open lines of credit. Companies such as Symple Loans and Lendful provide loans to those with good credit, while companies such as Fairstone, Skycap Financial, and Cash Money are more lenient with their credit requirements.
When it comes to personal loans support in Ottawa, Magical Credit is there to provide you with the best source of financial security you need for your bad credit personal loans.
Our loans are considered short-term loans and have a 12-60 month term with a fixed interest rate of 3.9% per month.
Example: $1,500 borrowed for one year at 3.9% per month. Monthly payments are $199.05. Total payback with interest and fee of $194.00 is $2,388.54.
NOTE: 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.