For anybody seeking a personal loan, Magical Credit is here to help you find the best solution for all of your financial needs. We go beyond your credit history, regardless of what it may be, to help make personal loans more easily accessible to you.
Magical Credit works with every household in Sudbury in order to help you achieve all of your personal loan goals, from government subsidies to maternity leave, pensions, child tax credits, and more. Our team is here to assist you in achieving all of your personal loan needs.
Say goodbye to unexpected surprises with our personal loan options that can offer you the low interest rate of 3.9% on your monthly payments. Choose the loan term that suits you best, from 12 to 60 months.
With Magical Credit, you can receive your funds in as little as one business day once approved, without having to worry about any extra steps or hidden charges.
You are free to repay your loan at any time you choose, without having to worry about any penalties or prepayment fees.
Our directory and online services are accessible 24/7, providing you with the convenience of monitoring your finances and loans from anywhere you like.
For residents of Sudbury, getting a personal loan is a breeze with Magical Credit. Our streamlined application process and fast approvals make it easy to access cash loans. Plus, you can receive your short-term loan within just one business day, deposited directly into your bank account.
Take the first step towards a brighter future with a personal loan from Magical Credit.
Simplify your loan application process and save time by letting us handle the details with our quick and easy application process.
When working with Magical Credit, your personal loan can be approved in a short amount of time, and you can expect to receive your funds as soon as 24 hours after your application.
At Magical Credit, we make sure that your loan application process is seamless and hassle-free, and to do so, we carefully assess each application before approving it. Once approved, you can rest assured that we have faith in your ability to fulfill your commitment.
With our dependable system, staying on track of your loan payments is straightforward and stress-free, without any hidden clauses or unexpected fees.
We prioritize your privacy and ensure that our online services are fully equipped to keep your personal information secure and private at all times.
Our team at Magical Credit takes a straightforward and efficient approach to lending, providing you with a convenient repayment calendar to begin your loan application. You can enter your desired loan amount and repayment term, and if the terms are acceptable, applying online through any computer or mobile device is quick and easy.
We will review your income and credit history within 24 hours and inform you of your personal loan approval status.
Upon approval, you can access your funds almost immediately and use our user-friendly repayment schedule to make your payments.
A personal loan can be all you need to open the door to a brighter future.
Handle unexpected expenses: Life can be unpredictable, and unexpected expenses like medical bills or car repairs can be needed when you least expect them. With our loans, you'll have the funds you need to handle these situations and move forward.
Boost your credit rating (or consolidate your debt): Improving your credit score is all about demonstrating responsible borrowing behaviour. Let our easy repayment calendar help you get started on the right path.
Upgrade your education: Enhance your career prospects by taking advantage of our personal loans to pay for educational courses or skill-building programs.
Buy a car (Or repair the one you’ve got): Access to reliable transportation is often critical for finding and maintaining a job. Consider taking out a small loan to put a down payment on a new car, or keep your current one in good working order.
Fund a renovation project
Take a vacation
While our head office may be in the GTA, we offer personal loans to Canadians across the country. We believe that everyone deserves access to financial support, regardless of their location.
Make sure you have all your documents in order, including your employment history, income, and Social Insurance Number, before applying for your personal loan.
Using the information you’ve provided, fill out our online application by specifying the amount you want to borrow and your desired repayment period.
Our streamlined application process allows for a quick turnaround time of 24 hours or less for approval and funding of your loan.
As personal loan lenders, we know that managing your finances can be challenging - that's why we ensure that we comply with all federal and provincial lending regulations in Canada, and that every loan we approve is offered to somebody who is capable of meeting their repayment obligations.
At Magical Credit, we are dedicated to making the loan process as easy as possible for you.
Sudbury is one of the largest cities in Northern Ontario. It is known for its rich mineral resources, particularly nickel, copper, and precious metals, which have played a significant role in the city's history and economy. Sudbury is also home to a diverse population, with a mix of French, English, and Indigenous cultures.
The city is surrounded by beautiful natural scenery, including forests, lakes, and parks, making it an ideal destination for outdoor activities such as hiking, camping, and fishing. Visitors can explore the nearby Lake Laurentian Conservation Area, which offers over 2,400 hectares of protected land, or visit the Science North museum, a popular family-friendly attraction with interactive exhibits and an IMAX theatre.
Sudbury also has a thriving arts and culture scene, with various galleries, theatres, and music venues showcasing local talent. The city hosts several festivals throughout the year, including the Northern Lights Festival Boreal, which celebrates Francophone and Indigenous music and culture.
Sudbury’s residents require trustworthy lenders that can offer them quick loans and financial security. Major branches of banks like TD Canada Trust, Scotiabank, and Desjardins Credit Union, as well as other locations like CIBC, provide essential financial services throughout Sudbury. Magical Credit is dedicated to providing reliable financial services and support to Sudbury 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 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%. License #4741412.
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.