We Give You the Credit You Deserve
Magical Credit is your solution to challenges you may face when securing a loan from banks or payday companies. We understand there is more to your case than your credit history, whatever it may be, and look past it to offer you bad credit personal loans.
We bring households across Mississauga bad credit loans while accepting all forms of government subsidies, from unemployment insurance and workers comp to pensions, maternity leave, and child tax credit. Magical Credit is here to help you find the right loan for you.
Qualify for a Short-Term Bad Credit Loan Online
With Magical Credit, applying for a bad credit personal loan is fast and easy for all residents of Mississauga. With quick approval for your cash loan and an even quicker application process, we help you secure your short-term loan in as little time as one business day, and help you deposit it directly into your bank account.
Why Magical Credit Loans?
Canada’s Bad Credit Loan Leader
There are serious consequences to bad credit. We at Magical Credit help you build towards a better future.
Easy Online Loan Application
Our application process is quick and easy, and saves you valuable time out of your day. Simply fill in a few basic details and we’ll be there to handle the rest.
Super-Fast Loan Approval
We help you get your personal loan approved in as little time as possible, with your funds deposited in your bank as soon as 24 hours after you apply.
Responsible Lending
To ensure the process of securing your loan is smooth and easy, we first have to decide if your application can be approved. Once it has been, rest easy knowing that we really do believe in your ability to follow through on your commitment.
We Make Repayment Simple
Our system is surprise-free, and makes staying ahead of your repayment schedule simple and transparent, with no hidden rules around the corner.
Your Privacy Matters
Your private information stays between us through all of our online services thanks to our 100% secure guarantee.
How Our Personal Loans Work
Bad Credit Personal Loans are usually offered to people with credit history that may be poor or insufficient. While these loans are typically cheaper than credit cards and payday loans, they also come with higher rates than ordinary loans.
With Magical Credit, get a streamlined approach to lending with our simple loan process and monthly repayment calendar. If the number you plan to borrow and your repayment term are low enough for you, applying online from any computer or mobile device is simple.
We evaluate your credit history and income within 24 hours, and get back to you on your approval status for your bad credit loan in no time.
Get your cash almost immediately after approval, and be ready to start using our simple repayment calendar to make payments.
Our Loans Open Up Possibilities
All it takes is a small personal loan to open the door to a brighter future.
- Handle unexpected expenses:: Disasters, from medical emergencies to failing equipment, can be impossible to predict. Be safe knowing your loan means cash in your pocket to deal with any sudden problem.
- Rebuild your credit rating: The easiest way to start rebuilding your credit is showing you have the means and the capacity to repay your loan. Our easy loan repayment calendar helps you get started today.
- Upgrade your education: Learning new skills from a college course or mastering a trade with the help of your loan can make you a more appealing candidate for employers.
- Buy a car (Or repair the one you’ve got): Access to a car is essential when working in such a busy city. Your cash loan can make putting a down payment on a new car easier.
Where the Magic Happens
Although our head office is located in the GTA, we provide bad credit loans almost everywhere in Canada! If you live in one of the following provinces and territories, then get ready to learn why Magical Credit is the Canadian bad credit loan leader:
- Ontario
- Alberta
- British Columbia
- New Brunswick
- Newfoundland
- Nova Scotia
- Nunavut
- Prince Edward Island
- Yukon
We Lend Responsibly
Bad credit is usually accumulated after committing financially without being able to repay.
It’s important to us as a Canadian lender to help make your finances easier to manage – that’s why we make sure to comply with all of Canada’s provincial and federal lending regulations. We are dedicated to guaranteeing each loan we approve is offered to someone with the ability to meet repayment obligations.
Magical Credit is here to help make your process as easy as possible.
About Mississauga
With a population of over 800,000 residents, Mississauga is one of Ontario’s largest and busiest cities, with a bustling social life and the infrastructure to match. Bordering Toronto and Lake Ontario, the city offers something to see year-round for locals and visitors alike, with winter and summer activities supported by major industries such as Advanced Manufacturing, Financial Services, Replacement Windows and Doors, Food Processing, Information & Communications Technology, Life Sciences, Smart Logistics and specialty services.
Mississauga houses a variety of branches of major Canadian banks, such as HSBC Bank and CIBC, along with Scotiabank, TD Canada Trust, and other specialty locations.
There are also a number of personal loan lenders in Mississauga supplying its residents with loans for time periods ranging from 3 months to several years, as well as companies that offer open lines of credit. Symple Loans and Lendful offer personal loans to clients with good credit, while other companies, including Money Mart, Eastern Loans, and Flex Money offer more leniency for their credit requirements. When you’re looking for credit support in Mississauga, contact Magical Credit for all the financial security you need when it comes to personal loans.
Disclosures:
Magical Installment Loans: We offer installment loans in the amount of $1,500- $20,000 that have a 12-60 month term with an APR 19.99% min - 46.8% max. On $1,500 borrowed for a 1 year term at 3.9% per month, the total cost of borrowing including a $194 fee is $896.00. The total amount to be paid back with interest and fee is $2,396.00. AB License #349796 and BC License #83626
NOTE: Our installment loans are open, so you can pay off your loan at any time with no penalty. You will only pay interest up to the date you pay it off.
Magical Cash Loans - Ontario, British Columbia, Northwest Territories, Nunavut, and Yukon Residents only: We offer Magical Cash Loans in the amount of $100-$1,500.00. The cost of borrowing is $15.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $150.00. The total to payback is $1,150.00 which is an annual percentage rate of 391.07%. ON License #4741412. BC License#85919.
The Loan must be paid in full by the end of term, no extensions or exceptions, no automatic renewals. Failure to pay your debt on time will impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureaus.
