Magical Cash

You can borrow anywhere from $300 to $1,500, depending on your income and eligibility.

Once approved and your loan agreement is signed, you’ll receive your funds in as little as 20 minutes, via Interac e-Transfer or Visa Direct.

No. Magical Cash loans do not require a credit check, and applying won’t affect your credit score.

Anything you need — from unexpected bills to personal expenses. There are no restrictions on how you use your loan.

To apply for a loan with Magical Cash, you must be a Canadian citizen or a permanent resident living in Ontario or British Columbia. Applicants must be at least 18 years of age and have an active bank account that has been open for a minimum of 90 days with regular transaction history. You must also have a consistent income of at least $2,000 per month. Accepted income sources include employment, self-employment and Employment Insurance. Additionally, you’ll need to provide proof of income for the past three months.

Interest rates vary, and repayment terms are up to 2 months. Full loan details are provided upfront — no hidden fees or surprises.

Repayments are automatically withdrawn based on your payday schedule (weekly, bi-weekly, monthly, or semi-monthly). Repayment dates are clearly outlined in your agreement.

Yes. Magical Cash uses secure technology to protect your information. Your data is kept private and encrypted through the entire process.

Magical Cash currently serves clients in Ontario, British Columbia, Yukon, Nunavut, and the Northwest Territories.

To complete your loan application with Magical Cash, you will need to provide a valid piece of photo identification. You’ll also be required to complete Instant Bank Verification (IBV), which securely confirms your income and bank account history. Depending on the type of income you receive, you may also need to submit a recent pay stub or other supporting benefit documentation.