Pickering Personal Loans

Apply now

Magical Credit Loans Are As Simple As

I want to borrow:


We Give You the Credit You Deserve

Welcome to Magical Credit, your answer to tackling loan hurdles right here in Pickering. We understand that your circumstances reach beyond your credit history, no matter its specifics. That's why we're here to offer bad credit personal loans by taking a broader view.

In households across Pickering, we're delighted to provide access to bad credit loans, coupled with a range of government subsidies. These encompass everything from private pensions to maternity leave and child tax credit. Our mission at Magical Credit is to assist you in discovering the ideal loan solution for your Pickering-based requirements.

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

Unveil the ease of using Magical Credit for a bad credit personal loan in Pickering. Get quick approval for your cash loan and a simple application process that helps you secure your short-term loan in as little as one business day. Plus, we make it even more convenient by depositing the funds directly into your bank account.

Why Magical Credit Loans?

Canada’s Bad Credit Loan Leader

Facing the challenges of bad credit is a big deal. At Magical Credit, we're here to help you pave the way for a better future.

Easy Online Loan Application

Our application process is designed to be quick and easy, saving you time in your busy day. Just provide a few basic details, and we'll take care of the rest.

Super-Fast Loan Approval

We work hard to get your personal loan approved as quickly as possible. Get your funds deposited into your bank account within just 24 hours after your application.

Responsible Lending

Ensuring a smooth loan process starts with evaluating your application. Once approved, rest assured that we believe in your commitment to fulfilling your obligations.

We Make Repayment Simple

Our system is straightforward, making it easy to understand your repayment schedule. No hidden surprises or confusing rules.

Your Privacy Matters

Your private information is safe with us. We're committed to providing 100% secure online services.

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

Bad Credit Personal Loans cater to individuals with limited or imperfect credit histories. While these loans are generally more affordable than credit cards, they do carry higher interest rates compared to regular loans.

With Magical Credit, enjoy a simplified lending process featuring an uncomplicated loan application and a clear monthly repayment plan. If the amount you wish to borrow and your repayment timeline meet specific criteria, you can easily apply online using a computer or mobile device.

We review your credit history and income within 24 hours, promptly updating you on your bad credit loan approval status.

Once approved, you can access your funds almost immediately and begin using our user-friendly repayment calendar to manage your payments.

Our Loans Open Up Possibilities

A small personal loan has the power to open doors to a brighter future.

  • Handle unexpected expenses: From medical emergencies to equipment breakdowns, unforeseen events can disrupt your plans. Feel secure knowing that your loan provides the financial means to handle sudden challenges.
  • Rebuild your credit rating: The simplest way to begin improving your credit is by demonstrating your ability to repay a loan. Our user-friendly loan repayment schedule makes it easy to get started today.
  • Upgrade your education: Whether it's pursuing further education or mastering a trade, using your loan can make you a more attractive candidate to potential employers.
  • Buy a car (Or repair the one you’ve got): In a bustling city, having a vehicle is often a necessity. Your cash loan can simplify putting a down payment on a new car or covering repairs for your existing vehicle.

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

Typically, bad credit stems from financial commitments made without the ability to repay them.

Being a Canadian lender, we are dedicated to making your financial management smoother. This is why we strictly adhere to all of Canada's provincial and federal lending regulations. Our focus is on ensuring that each approved loan is extended to individuals capable of meeting their repayment obligations.

Magical Credit is here to simplify your experience to the greatest extent possible.

About Pickering

With a community exceeding 100,000 residents, Pickering proudly establishes itself as a prominent city within Ontario, brimming with vitality and complemented by a well-connected infrastructure. This city offers a year-round spectacle for both locals and visitors, with an array of winter and summer activities upheld by pivotal industries and specialized services that contribute to Pickering's dynamic essence.

In the heart of Pickering, major branches of distinguished Canadian banks such as RBC Royal Bank, Scotiabank, and TD Canada Trust flourish, alongside various specialty locations.

Pickering is also home to a diverse range of personal loan providers, catering to its inhabitants with varying loan durations, ranging from 3 months to several years, and encompassing open lines of credit as well.

When in need of credit assistance within Pickering, trust Magical Credit as your steadfast partner, ensuring complete financial assurance when it comes to personal loans.


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.

1319 people applied for a loan with us in the last 7 days
190 people applied for a loan with us in the last 24 hours
13 people applied for a loan with us in the last hour