CA
How to apply for Magical credit loans?
Magical credit loans are specially made for helping people to accomplish their goals even with a low income or a bad credit history. Check out how to apply today!
Applying for Magical credit loans: get a loan even with bad credit!
Magical Credit is a lender that provides loans up to $20,000 for people in Canada with a bad credit score or low income.
To be able to apply for it, you need a steady source of employment and income for at least six months.
Also, you must be discharged from any bankruptcies or consumer proposals. Plus, you need to provide a government ID or SIN that shows you are in the age of majority in your province.
You need a bank account, too, so the funding can be directly deposited into it.
Note that the service is not available in some areas, so make sure you live in Alberta, BC, New Brunswick, Newfoundland & Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, or Yukon Territory.
Apply online
Access the Magical Credit and click on Application.
Then, fill in the forms with your personal information.
Create a login and enter a promotional code if you have one.
Finally, continue to qualify for a loan.
The process is easy and fast.
You will be redirected to another website
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Apply using the app
Apply using the website as described above.
Magical credit loans vs. LoanConnect
If you have a low income or a bad credit score, Magical Credit loans might be perfect for you.
But, if you want to keep searching for a loan that fits your goals and needs, check out LoanConnect.
Magical credit loans | LoanConnect | |
APR | From 19.99% to 46.80% | From 5.75% to 46.96% |
LOAN PURPOSE | Personal (you can use it for any purpose without any restrictions) | Personal |
LOAN AMOUNTS | Up to $20,000 | Up to $50,000 |
CREDIT NEEDED | All credit scores are considered | All credit scores are considered |
TERMS | From 12 to 60 months | From 3 to120 months |
ORIGINATION FEE | See the terms and conditions when applying for a loan | It depends on the lender |
LATE FEE | See the terms and conditions when applying for a loan | It depends on the lender |
EARLY PAYOFF PENALTY | None | It depends on the lender |
So, if you want to learn more about LoanConnect, click on our next post!
How to apply for LoanConnect?
No minimum credit score limit needed to apply. Check it out how to apply for LoanConnect!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
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