Qualify For a Short-Term Cash Loan Now

Need a loan fast? Applying for a short-term loan from Magical Credit is simple and you can be approved for a cash loan in as
little as 1 business day. All you have to do is fill out a quick and easy online loan application. Get approved for a loan fast - fill out an online
loan application now

Includes optional Loan Protection Plan coverage4

  • Loan Example
  •  
  • Term
  • 1 Year
  • APR
  • 56.50%
  • Amount
  • $2,000.00
  • Fees
  • $194.00
  • Interest Rate (46.8%)
  • $936.00
  • Total Cost of Borrowing
  • $1,130.00
  • Total Due End of Term
  • $3,130.00

NOTE: You can pay off your loan at any time with no penalty.You will only pay interest up to the date you borrow it.

Terms and Conditions: (APR 23% min - 59.7% max) Loan amortization is between 12-24 months. 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 with impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureau.

Find Out How Magical Credit Loans Work

Step One! Determine if you Qualify.

Unlike payday loan companies and banks, Magical Credit doesn't have a laundry list of requirements to qualify for a cash loan.

Do you qualify for a Magical Credit loan? Ask yourself these questions:

  • Do I have a fixed monthly income (Learn what types of income qualify)?
  • Is my income deposited directly into my bank account?
  • When I've taken out payday loans in the past, have I paid them off?

If you answered YES to all three of the questions, then you're a perfect candidate for a Magical Credit low-income loan!



Apply Now

Step Two! Submit an Application.

We hate the long, tedious applications on payday loan websites. Our application process is simple and straightforward. Filling out our instant loan application is quick and easy.

Once you've submitted your application, Magical Credit accesses additional information directly from Equifax Canada. We'll send you confirmation if your loan has been approved or declined within one business day.



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Step Three! Get Quick Cash!

Magical Credit approves cash loans from $2,000 to $10,000, based on your current income. Once you're approved for an instant loan, the funds will be deposited directly into your bank account for you to spend however you wish.

Monthly payments will be withdrawn from your bank account to pay down the loan. All cash loans from Magical Credit have a monthly interest rate of 3.9% and up to a 12-month term.



Apply Now

Magical Credit Gives You the Credit You Deserve

Banks and payday loan companies can be very stingy with their funds. At Magical Credit, we look beyond your credit history to determine if you qualify for a cash loan. Do you have poor credit or a non-traditional source of income? That’s okay. Magical Credit provides loans to bad credit and low-income households. We accept government subsidies such as unemployment insurance, disability, workers comp, maternity leave, baby bonuses and pensions, among others. We’re here for you even if banks and payday loan companies don’t fit your needs. Read more about the types of income we accept.

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