Richmond Hill Personal Loans

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We Give You the Credit You Deserve

If you’re in need of a personal loan, Magical Credit is here to help you find the best possible option. We look beyond the limitations of your credit history, no matter what it is, to make personal loans more easily available to you.

Whether it's government benefits, maternity leave, child tax credits, pensions, or anything else, every household in Richmond Hill can rely on Magical Credit for their personal loan 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

Our personal loan options come with no surprises, allowing you to enjoy an interest rate as low as 3.9% on your monthly payments. Our loan terms are flexible, ranging from 12 to 60 months.

Quick and Easy Access to Your Funds

Once you’re approved, you can access your funds as quickly as within one business day, without any additional steps or hidden fees.

Pay Off Your Loan as Quickly as You Want

You have complete freedom to pay off your loan at any time you choose, without any penalties or prepayment fees.

24/7 Online Services

With our directory and online services available 24/7, you can easily keep track of your loans and finances from anywhere and at any time.

Qualify for a Short-Term Personal Loan Online

With Magical Credit, Richmond Hill residents can quickly and easily apply for a personal loan. Our application process is simple and straightforward, and our quick approvals mean you can secure your cash loan with ease. You can expect to receive your short-term loan in just one business day, directly deposited into your bank account. 

Why Magical Credit Loans?

Canada’s Personal Loan Leader

Magical Credit can help you start building a better future with a new personal loan.

Easy Online Loan Application

Trust us to take care of the details and save you time with our fast and simple application process.

Super-Fast Loan Approval

At Magical Credit, we work to approve your personal loan in the shortest time possible so that you can get your funds within 24 hours of applying.

Responsible Lending

Our priority is to make your personal loan application process as smooth and easy as possible, which is why we thoroughly review your application before deciding whether or not to approve it. Once approved, you can be assured that we have confidence in your ability to meet your commitment.

We Make Repayment Simple

Our system provides you with the peace of mind that keeping up with your loan payments will be hassle-free and predictable, with no concealed terms or surprises.

Your Privacy Matters

With our online services, you can trust that your sensitive information will be kept completely safe and confidential, with no risk of it being shared with any third parties.

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 hassle-free and streamlined approach to lending, with an easy-to-use repayment calendar that helps you initiate your loan process. Simply input your loan amount and the repayment period you need, and if the terms meet our standards, submitting your online application through any device will be a breeze.

After a 24-hour assessment of your income and credit history, we will inform you of your personal loan approval status.

Once approved, your cash will be available almost instantly, and you can use our simple repayment calendar to start making your payments.

Our Loans Open Up Possibilities

Sometimes, a personal loan can be all you need to brighten your future.

  • Handle unexpected expenses: When unexpected expenses arise, it's important to have a backup plan. With our loans, you can rest assured that you'll have the financial resources you need to handle any unexpected expenses that come your way.

  • Boost your credit rating (or consolidate your debt): Want to improve your credit rating? It's simple: show lenders you can be trusted by making payments on time with our easy repayment calendar.

  • Upgrade your education: Upgrade your qualifications and stand out in the job market by using your personal loan to fund educational courses or vocational training.

  • Buy a car (Or repair the one you’ve got): A dependable means of transportation is often essential for securing and keeping a job. With a small loan, you can make a down payment on a new car, or keep your existing one running smoothly.

  • Fund a renovation project

  • Take a vacation

Where the Magic Happens

Don’t worry if you don’t live near our head office in the GTA – at Magical Credit, we provide personal loans to customers throughout Canada. Our goal is to help as many people as possible achieve their financial goals. 

  • 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

To avoid delays in the loan approval process, have all your essential documents ready before applying, such as your employment history, income, and Social Insurance Number.

Go Through Our Application Process

After gathering your information, applying for your loan online is easy – just enter the amount you want to borrow and your preferred repayment term.

Instant Access to Your Funds with Ease

You can expect a quick response to your loan application from Magical Credit - within 24 hours or less - with quick access to your approved funds.

We Lend Responsibly

Our expertise as Canadian lenders is focused on simplifying your financial management. We strictly comply with all federal and provincial lending regulations in Canada, and ensure that each approved loan is granted to those who are capable of fulfilling their repayment obligations.

At Magical Credit, we strive to make the loan application process as straightforward as possible for you.

About Richmond Hill

Richmond Hill is a suburban city located in Southern Ontario, and is part of the Greater Toronto Area just north of Toronto. With a population of over 195,000, Richmond Hill is a diverse and multicultural community with a thriving economy and a high standard of living. The city is home to a number of technology companies, including IBM Canada and Compaq Canada, as well as a variety of small and medium-sized businesses.

Richmond Hill is known for its scenic beauty and outdoor recreational opportunities, including parks, trails, and conservation areas. Some of the most popular attractions in the city include Lake Wilcox Park, the Richmond Hill Heritage Centre, and the Richmond Green Sports Centre and Park. The city also has a vibrant arts and culture scene, with a number of events and festivals taking place throughout the year.

Trustworthy lenders that can provide quick loans and financial security are essential for Richmond Hill residents. Major branches of banks such as TD Canada Trust, RBC Royal Bank, and Meridian Credit Union, as well as other locations like HSBC Bank Canada, serve a range of specialty services and industries throughout Richmond Hill. Magical Credit is committed to providing reliable financial services and support to Richmond Hill 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
165 people applied for a loan with us in the last 24 hours