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Magical Cash

Avg. Rating: 5.0 (4 reviews)

Magical Cash is a fast, secure, and simple way to access short-term loans in Canada. Powered by Magical Credit, a trusted Canadian lender, Magical Cash helps individuals who may not qualify for traditional bank loans due to credit history or income type. The process is fully online, approvals are quick, and funds can be delivered in as little as 20 minutes.

Clients can borrow anywhere from $300 to $1,500, and there is no credit check required. The service is available to residents of Ontario, British Columbia, and select territories. Whether someone is employed, self-employed, or receiving government assistance, Magical Cash offers flexible, respectful, and transparent lending.

The focus is on privacy, accessibility, and customer satisfaction, ensuring that Canadians can manage short-term expenses with ease and confidence.

TIME IN BUSINESS: Since 2014
# OF CUSTOMERS: Over 10,000
TOTAL FUNDED: Over $10M
LOANS OFFERED: Payday Loans

1-855-639-6888 & 647-946-9767

info@magicalcredit.ca 380 Four Valley Drive, Upper Unit B Concord ON L4K 5Z1, Canada

Call Center: Monday- 9am-9pm EST Tuesday- 9am-9pm EST Wednesday- 9am-9pm EST Thursday- 9am-9pm EST Friday- 9am-9pm EST Saturday- 10am-6pm Sunday- Closed Holiday hours may vary

Support Offered:

Web Chat
Help Center/Blog
Email Support
Social Media
FAQs

Availability: Ontario and British Columbia

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate

$14 per every $100 lent

Amount

$300 – $1,500

Term

Up to 2 Months

Eligibility & Documents

Who is eligible

Be a Canadian Citizen or permanent resident of Ontario or British Columbia
Be 18 years old and over
Must have an Active Bank account in your name with a minimum of 90 day transactions
Income must be deposited into your account provided
Have 3 months minimum income Employment, Self-Employment, Unemployment Insurance
Earn at least $2000 /month

What you need to provide

Instant bank verification
Valid photo ID

Repayment & Issuance

How fast can you get the money

Same day, 20 minutes after approval

Funding method

Interac e-transfer and Visa Debit Direct

How does repayment work

Depends on the Pay Day (weekly, bi-weekly, semi-monthly) through pre-authorized debits on your next payday

Frequently Asked Questions About Magical Cash

How much can I borrow?

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

What’s the interest rate and repayment term?

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

How fast can I get the money?

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.

How does repayment work?

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

Do you check credit?

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

Is it safe to apply?

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

What can I use the loan for?

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

Where do you offer loans?

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

Who can apply?

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 $1,500 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.

What documents do I need?

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.

Magical Cash Reviews

Avg. Rating: 5.0 (4 reviews)

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Thanks Magical Cash

Magical Cash came through when I needed help the most. The application was quick and I had the money the same day.

Priya

Great Service

Good experience overall. Customer support answered all my questions and the repayment terms were easy to follow.

James

Great lender

I really appreciated how fast and hassle-free it was. Magical Cash is definitely one of the better lenders I’ve used.

Lianne

Got the money same day

Excellent service! Magical Cash made the whole borrowing process super easy. Funds arrived in my account within hours.

Jason