Magical Credit

Avg. Rating: 5.0 (7 reviews)

Do you have poor credit or a non-traditional source of income? That’s okay. Not only do we lend to employment income, we accept government subsidies such as unemployment insurance, workers comp, maternity leave, baby bonuses and pensions. We’re here for you to offer uncomplicated short term loans up to $10,000 with a fixed affordable monthly rate. There are no additional penalties if you wish to pay your loan out early. Even if banks and payday loan companies don’t fit your needs we are here to help as we take all aspects into consideration by looking beyond your credit score to determine your eligibility for a loan. We like to keep it simple and you can complete our application with Magical Credit from beginning to end in the comfort of your home!

  • TIME IN BUSINESS: SINCE 2014
  • # OF CUSTOMERS: OVER 10,000
  • TOTAL FUNDED: OVER $10M
  • LOANS OFFERED: Personal
https://www.magicalcredit.ca/

1-877-213-2088

info@magicalcredit.ca 970 Lawrence Ave West, Toronto
Call Center: Monday-Thursday 9am-8pm Friday 9am-5pm Saturday 12-8pm Sunday 12-8pm
Support Offered:
  • Web Chat
  • Help Center/Blog
  • Email Support
Availability: All of Canada except Quebec, Manitoba and Saskatchewan

Loans Offered

Below are all the loan products offered by this company.

Conditions & Rates

Interest rate23% – 59.7% Amount $500 – $10,000 Term 6 – 24 Months

Eligibilty & Documents

Who is eligible

  • A borrower must be 18 or over, have a valid bank account with direct deposit from your employment or subsidy, valid Canadian ID. Must not be currently under a bankruptcy, consumer proposal or debt consolidation.

What you need to provide

  • Provide us with Instant Verification to your bank statements through our application. Valid Canadian ID, 2 pay stubs or a copy of your Notice of Assessment from your government subsidy and a bill to your current address.

Repayment & Issuance

How fast can you get the money 1 business day Funding method Direct deposit How does repayment work Monthly or bi-weekly automatic payments.

Articles About Magical Credit

By Joseph Czikk

Joseph is an experienced writer in the fields of Business, Technology and Finance in Canada. Joseph has been featured in Betakit, National Post, Montreal Gazette, Vancouver Sun, Regina Leader Post, Techvibes and BC Business Online.

By Patti Ryan

Patti’s writing has been published in a range of Canadian magazines and newspapers, including the Globe and Mail, National Post, Ottawa Citizen, Vancouver Sun and Maclean’s. She has won a Canadian Association of Journalism (CAJ) award for investigative magazine journalism and has been a Gold Medal winner and Top 5 Finalist in the KRW Canadian Business Press awards.

By Jared Lindzon

Jared Lindzon is a regular contributor to top tier publications around the world, including Fortune Magazine, Fast Company, the Guardian, Rolling Stone, the Globe and Mail, and many more.

Magical Credit Reviews

Avg. Rating: 5.0 (7 reviews)
Awesome Service

Magical Credit is a breeze to use. Approval is fast and money is disbursed within 2 business days. I loved the kind of service I received from them. And I will surely recommend them to all my friends.

Elizabeth
Great Service!

I absolutely loved how fast it was to get approved for a loan and how kind, awesome, and efficient Ms. Dornett was. She made me feel comfortable and explained everything in detail. She also told me that I can call her back anytime if I had any questions in the future. I would definitely recommend them.

Asha
Very Helpful

Very helpful and knowledgeable group of people. They helped answer my question regarding subsidy loans and helped to get me the right loan in a time of need. Thank you!

Daria
Thank You

Fast, easy and so helpful! Thanks for giving me a loan even though i get disability and government assistance. It was an emergency!

Lily Daniels
Thank you!

Thank you for helping me when no one else would!

Anna
Great service

Magical credit has helped me get a loan when all the banks turned me down! Thank you so much!

Jason
Great Lender

Magical Credit is a great lender. I highly recommend using them.

Billy

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