When you have a bad credit history, you face many barriers when trying to get a loan for any kind of purpose. So, learn how Magical credit loans can help you with that in this review article!

While many lenders look for your credit history to make a decision about lending or not the money you need, Magical Credit looks beyond that to determine if you qualify or not.

So, if other lenders and banks in Canada don’t help you with your needs, check out how this one can offer you the best loan experience.

The process is pretty simple and fast. Basically, you qualify, submit, and get your funds right away. The application is online, and it only takes a few minutes, too.

This lender approves people with all types of credit. In fact, it bases the approval on your fixed monthly income, including people with government subsidies and pensions.

You can get loans up to $20,000 with flexible terms ranging from 12 to 60 months. Plus, the interest rate is fixed at 3.9% per month.

There are no prepayment penalty fees. But you need to read the terms and conditions when applying for a loan because there are administrative fees.

In addition, the loans can be used for any purpose without restrictions. So, you can use it to pay bills, for child care expenses, dental expenses, emergencies, divorce financing, to pay legal fees and other personal or medical needs.    

Unlike other financial institutions in Canada, Magical Credit is a lender committed to providing loans for bad credit score people.

Also, you don’t need a traditional source of income to be able to apply and get approved for a loan at this lender.

It accepts government subsidies and pensions, such as unemployment insurance, workers comp, maternity leave, child tax credit, and others.

Although there are some administrative fees, you won’t pay prepayment penalties, and the process for qualifying and getting your fund is pretty simple and fast.

Furthermore, the loans are unsecured, so collateral for approval won’t be necessary.

Magical Credit considers all types of credit for the application. So, you don’t need a perfect credit score to get your loan.

If you need money fast for any kind of purpose but don’t have a perfect credit score to apply for it, Magical Credit can help you out. Check out how to apply for it.