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Please be aware Magical Credit will not request you to send any upfront fees in order to get a loan from us. If you are contacted by anyone requesting this by email, text or phone, please call us immediately at 1-877-213-2088.

Do You Qualify For a Short Term Loan?

Magical Credit requires applicants to be employed for 6 months. We want to ensure you can make your monthly payments. You can choose between a 6, 12 or 24 month short term loan. We approve cash loans between $500 and $10,000 depending on your income.

Requirements For Cash Loans

Magical Credit has a very straightforward online loan application to streamline the process of qualifying for a loan. Unlike banks, which can have a laundry list of requirements for a short term loan, Magical Credit has 3 key requirements, across all provinces.

You have been employed for more than 6 months
Your income is direct deposited into your account
You have a history of paying off your loans

To determine if you qualify for a cash loan, please submit an online loan application:

For more information about our cash loans and whether or not your income qualifies, please refer to our FAQs. To calculate your monthly loan payment schedule, visit our short-term, personal loan calculator. If you still have questions, contact us for details, or submit an application. We typically respond to all applications within one business day.