If you’re searching for the right company to offer you the personal loans you need, Magical Credit is your solution. Our team looks beyond your past credit history, whatever it may be, to bring you the loans you need today.
Magical Credit offers households across Scarborough access to both personal loans and bad credit loans, accepting all government subsidies from maternity leave, pensions, and child tax credit. If you’re looking for a credit company that cares about your needs, Magical Credit is here for you.
When applying for a personal loan from Magical Credit, the process couldn’t be faster for Scarborough residents. We offer quick approvals and an even quicker application process for your cash loans, and can bring you your short-term loan in as little time as one business day, deposited directly into your bank account.
At Magical Credit, we bring you the personal loans you need to start building towards a better future.
Save valuable time out of your day with our quick and easy application process. All you have to do to get started is fill in some basic details, and leave the rest of the work to us.
Our priority is to get your personal loan approved as soon as possible. We deposit your funds to your bank account in as short a time as 24 hours after you apply.
In order for us to make sure securing your loan will be a smooth and easy process, we first have to decide whether or not your application can be approved. Once we’ve approved your application, you can trust in the fact that we truly do believe in your ability to make good on your commitment.
With our surprise-free system, you can make sure staying on top of your repayment schedule will be simple and transparent, with no hidden rules or surprises.
With our online services, stay confident in the fact that all your private information is 100% secure.
Magical Credit offers you a streamlined approach to lending, with our loan process starting with an easy-to-use monthly repayment calendar. Simply enter your repayment term and how much you wish to borrow, and if your terms are low enough, applying online through any computer or mobile device will be as easy as ever.
In just 24 hours, we’ll evaluate your income and credit history and get back to you on your approval status for your personal loan.
Once you’ve been approved, get your cash almost instantly and rely on our simple repayment calendar to start making your monthly payments.
All it takes is a small personal loan to open the door to a brighter future.
Handle unexpected expenses: Predicting disasters, be they medical emergencies or failing equipment, is impossible. Stay safe knowing that your personal loan means the cash you need on hand to handle any problem.
Boost your credit rating: Showing that you can repay your loans is the best way to add an extra boost to your credit rating. With our easy repayment calendar, get started today.
Upgrade your education: Use your new personal loan to become a better candidate for employers by learning a new skill, taking a college course, or mastering a trade.
Buy a car (or repair the one you’ve got): It’s not easy holding onto work without access to a car you can trust. Your new personal loan can help you put down a payment on a new car.
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:
We specialize in personal loans, and it is important to us to help you make your finances easier to manage as Canadian lenders. We comply strictly with all of Canada’s federal and provincial lending regulations, and we are dedicated to making sure each of the loans we approve gets offered to someone who will be able to repay their obligations.
Magical Credit is here in Scarborough to help you make your process as easy as can be.
With almost 630,000 residents, Scarborough is one of Ontario’s largest cities, and its proximity to central Toronto, as well as the city of Markham and Lake Ontario, make it a thriving city and an active social capital. As a district of Toronto, Scarborough is diverse and multicultural, with its landmarks and attractions making it one of the province’s busiest cities. With its northeast populated mostly by rural areas and farmlands, the city is one of the greenest areas of the Greater Toronto Area.
Between its major industries and specialty services, Scarborough is a city whose residents need access to financial security and quick loans that they can trust. Across Scarborough, there are a number of major branches of banks, including RBC Royal Bank, Meridian Credit Union, and CIBC, along with locations for others, such as Desjardins Credit Union. Magical Credit is here in Scarborough to bring its residents the financial security they need.
Lending Money 7 Days / Week in Scarborough, ON
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.