{"id":820382,"date":"2019-12-03T13:20:32","date_gmt":"2019-12-03T18:20:32","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=820382"},"modified":"2025-11-16T21:37:26","modified_gmt":"2025-11-17T02:37:26","slug":"magical-credit","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/personal-loans\/magical-credit","title":{"rendered":"Magical Credit review: Pros, cons &#038; alternatives"},"content":{"rendered":"<h3>Is Magical Credit legit in Canada?<\/h3><p>\u200bYes, Magical Credit is a legitimate Canadian lending company that has been operating since 2014. It is a registered corporation and a member of the Canadian Lenders Association. It was nominated for the FinTech Company of the Year award by the Canadian FinTech &amp; AI awards in 2018. However, it is not accredited by the Better Business Bureau.<\/p><h3>Loans like Magical Credit<\/h3><h4>Spring Financial<\/h4><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/68557d968728e.png\" class=\"lazy-load\" alt=\"Spring Financial Personal Loan\" src=\"https:\/\/www.finder.com\/niche-builder\/68557d968728e.png\" style=\"width: 100%; max-width: 200px;\" srcset=\"https:\/\/www.finder.com\/niche-builder\/68557d968728e.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/68557d968728e.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/68557d968728e.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n    \r\n              \r\n<center>\r\n<div class=\"detail-info eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--great\">\r\n        <span class=\"score__value\">8.5<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--great\">\r\n        Great\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n  \r\n  \r\n  \r\n<a class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/spring-financial-personal-loan-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7%22%2C%22product_name%22%3A%22Spring%2BFinancial%2BPersonal%2BLoan%22%2C%22offer_id%22%3A%2219898%22%2C%22decorator%22%3A%22CAFPL.PRODUCT.CAFPL_PRODUCT_DISPLAY%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22post_id%22%3A%22820382%22%2C%22post_path%22%3A%22personal-loans%252Fmagical-credit%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\" type=\"button\">Go to site<\/a>\r\n<a class=\"luna-button luna-button--action luna-button--ghost luna-button--fluid has-margin-bottom-xsmall\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/spring-financial-personal-loan-review\" role=\"button\">Read review<\/a>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n   <div class=\"has-padding-xxsmall\"><\/div>  \r\n<h4 id=\"eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7\" class=\"luna-card__title\" style=\"padding-bottom: 10px; font-size: 20px;\">Spring Financial Personal Loan<\/h4>\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">$500 \u2013 $35,000\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">9.99% \u2013 34.95%\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">APR<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">6 - 84 months\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Term<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7-1\" data-toggle=\"tab\">Info<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7-1\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7-1\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              Spring Financial is a Canadian online lender which offers personal loans up to $35,000. They provide fast approval and advertise quick funding via e-transfer on the same day or within two to three days.<p>If you don't qualify for their standard personal loan, you may be offered The Foundation program. This program focuses on credit building by requiring on-time payments over 12 months, after which you can access your saved funds. Similar to Magical Credit, Spring Financial offers loans to those looking to improve their credit.\r\n            <\/p><\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Established lender<\/li>\r\n                \r\n                  <li>Lending options for those with bad credit<\/li>\r\n                \r\n                  <li>No prepayment penalties<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>High rates for bad credit<\/li>\r\n                \r\n                  <li>You may be offered a credit builder loan (The Foundation loan) instead of a personal loan<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$500 \u2013 $35,000\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">APR Range<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">9.99% \u2013 34.95%\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">6 - 84 months<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n       \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces\/Territories<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">All of Canada<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Turnaround Time<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Within 24 hours<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Min. Credit Score<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">550<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n   \r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Fees<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">No fees except a $30 NSF fee<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Min. income of $2,000, min. credit score of 550, 3+ months employed<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style>\r\n\r\n\r\n  \r\n<style>\r\n.scoreCombined.finder-score::before {\r\n  display: none;\r\n}\r\n\r\n.score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n}\r\n\r\n.score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(\r\n        45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%\r\n    );\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n}\r\n\r\n.score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n}\r\n\r\n@keyframes shine-effect {\r\n    0% {\r\n        background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n        background-position: 200% 0, 0 0;\r\n    }\r\n}\r\n\r\n.score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n}\r\n\r\n.score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n}\r\n\r\n.score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\nwhite-space: nowrap;\r\n}\r\n.scoreCombined {\r\n    text-decoration: none;\r\n}\r\na.scoreCombined,\r\na.scoreCombined:hover {\r\n    text-decoration: none;\r\n}\r\n.score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n}\r\n.score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n}\r\n.score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n}\r\n.score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n}\r\n\r\ntable div[class*=\"methodology-partial\"] {\r\n    display:none;\r\n}\r\n\r\n<\/style><h4>Loans Canada<\/h4><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png\" class=\"lazy-load\" alt=\"Loans Canada Personal Loan\" src=\"https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png\" style=\"width: 100%; max-width: 200px;\" srcset=\"https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/5f8f0c7f7fe9e.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n    \r\n              \r\n<center>\r\n<div class=\"detail-info 93a41e3b-0889-4fb6-8474-4a164deb7b8a\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--great\">\r\n        <span class=\"score__value\">8.6<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--great\">\r\n        Great\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n  \r\n  \r\n  \r\n<a class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/loans-canada-personal-loan-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%2293a41e3b-0889-4fb6-8474-4a164deb7b8a%22%2C%22product_name%22%3A%22Loans%2BCanada%2BPersonal%2BLoan%22%2C%22offer_id%22%3A%2217711%22%2C%22decorator%22%3A%22CAFPL.PRODUCT.CAFPL_PRODUCT_DISPLAY%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22post_id%22%3A%22820382%22%2C%22post_path%22%3A%22personal-loans%252Fmagical-credit%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\" type=\"button\">Go to site<\/a>\r\n<a class=\"luna-button luna-button--action luna-button--ghost luna-button--fluid has-margin-bottom-xsmall\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/loans-canada-personal-loan-review\" role=\"button\">Read review<\/a>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n   <div class=\"has-padding-xxsmall\"><\/div>  \r\n<h4 id=\"93a41e3b-0889-4fb6-8474-4a164deb7b8a\" class=\"luna-card__title\" style=\"padding-bottom: 10px; font-size: 20px;\">Loans Canada Personal Loan<\/h4>\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">$500 \u2013 $35,000\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">9.99% \u2013 35%\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">APR<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">6 - 60 months\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Term<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-93a41e3b-0889-4fb6-8474-4a164deb7b8a-1\" data-toggle=\"tab\">Info<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-93a41e3b-0889-4fb6-8474-4a164deb7b8a-1\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-93a41e3b-0889-4fb6-8474-4a164deb7b8a-1\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-93a41e3b-0889-4fb6-8474-4a164deb7b8a-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              Unlike Magical Credit, who is a direct lender, Loans Canada is a loan comparison platform that connects Canadians with multiple lenders through a single application. Whether you have excellent credit or need options due to a lower score, Loans Canada helps match you with personal loans, debt consolidation loans and other financing options. While the platform makes it easy to compare multiple offers, it doesn't fund loans directly\u2014so if you prefer to apply with a specific lender, you'll need to do so separately.\r\n            <\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-93a41e3b-0889-4fb6-8474-4a164deb7b8a-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Options for good and bad credit<\/li>\r\n                \r\n                  <li>Quickly compare multiple loan options in one place<\/li>\r\n                \r\n                  <li>Rates start at 9.99%<\/li>\r\n                \r\n                  <li>Multiple types of loans available<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>Not a direct lender<\/li>\r\n                \r\n                  <li>High rates for bad credit<\/li>\r\n                \r\n                  <li>Watch out for scammers posing as Loans Canada<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-93a41e3b-0889-4fb6-8474-4a164deb7b8a-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$500 \u2013 $35,000\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">APR Range<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">9.99% \u2013 35%\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">6 - 60 months<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n       \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces\/Territories<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">All of Canada<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Turnaround Time<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Receive funds in as little as 24 hours.<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Min. Credit Score<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">300<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n   \r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Fees<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">No application, origination or brokerage fees<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Canadian resident, age of majority in your province of residence<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style>\r\n\r\n\r\n  \r\n<style>\r\n.scoreCombined.finder-score::before {\r\n  display: none;\r\n}\r\n\r\n.score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n}\r\n\r\n.score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(\r\n        45deg,\r\n        transparent 25%,\r\n        rgba(255, 255, 255, 0.2) 50%,\r\n        transparent 75%,\r\n        transparent 100%\r\n    );\r\n    background-size: 250% 250%, 100% 100%;\r\n    background-position: -100% 0, 0 0;\r\n    background-repeat: no-repeat;\r\n}\r\n\r\n.score__badge--excellent {\r\n    background-color: rgb(25, 105, 232);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(25, 105, 232) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--great {\r\n    background-color: rgb(0, 120, 40);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(0, 120, 40) 0px -2.25px 0px 0px inset;\r\n}\r\n\r\n.score__badge--standard {\r\n    background-color: rgb(231, 185, 11);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(231, 185, 11) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge--basic {\r\n    background-color: rgb(240, 88, 0);\r\n    box-shadow: rgba(18, 85, 208, 0.3) 0px 1.125px 6.75px 0px,\r\n        rgba(255, 255, 255, 0.25) 0px 4.5px 4.5px 0px inset,\r\n        rgba(255, 255, 255, 0.25) 0px 2.25px 0px 0px inset,\r\n        rgba(0, 0, 0, 0.2) 0px 0px 0px 1.125px inset,\r\n        rgb(240, 88, 0) 0px -2.25px 0px 0px inset;\r\n}\r\n.score__badge:hover {\r\n    animation: shine-effect 1.5s ease;\r\n}\r\n\r\n@keyframes shine-effect {\r\n    0% {\r\n        background-position: -100% 0, 0 0;\r\n    }\r\n\r\n    100% {\r\n        background-position: 200% 0, 0 0;\r\n    }\r\n}\r\n\r\n.score__value {\r\n    color: white;\r\n    font-weight: 700;\r\n}\r\n\r\n.score__text-wrapper-cards {\r\n    border: none;\r\n    align-items: center;\r\n    display: flex;\r\n    background-color: rgb(240 247 255);\r\n    padding: 0.25rem 0 0.25rem 0.875rem;\r\n    border-radius: 0 999px 999px 0;\r\n    margin-left: -0.375rem;\r\n    top: -4px;\r\n    width: 100%;\r\n    width: auto;\r\n    padding-right: 15px !important;\r\n}\r\n\r\n.score__text {\r\n    font-weight: 500;\r\n    font-size: 16px;\r\nwhite-space: nowrap;\r\n}\r\n.scoreCombined {\r\n    text-decoration: none;\r\n}\r\na.scoreCombined,\r\na.scoreCombined:hover {\r\n    text-decoration: none;\r\n}\r\n.score__text--excellent {\r\n    background-color: rgb(240 247 255);\r\n    color: rgb(18 85 208);\r\n}\r\n.score__text--great {\r\n    background-color: rgb(240 251 246);\r\n    color: rgb(0 120 40);\r\n}\r\n.score__text--standard {\r\n    background-color: rgb(255 251 227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n}\r\n.score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n}\r\n\r\ntable div[class*=\"methodology-partial\"] {\r\n    display:none;\r\n}\r\n\r\n<\/style><h4>LoanConnect<\/h4><article class=\"luna-card luna-card--border\">\r\n<div class=\"luna-card__block\">\r\n\r\n\r\n<div class=\"u-grid u-grid--alignTop\">\r\n<div class=\"u-grid__col u-1\/4@m\" style=\"padding-bottom: 0px;\">\r\n <center><img decoding=\"async\" data-src=\"https:\/\/www.finder.com\/niche-builder\/67f6e86b65674.png\" class=\"lazy-load\" alt=\"LoanConnect Personal Loan\" src=\"https:\/\/www.finder.com\/niche-builder\/67f6e86b65674.png\" style=\"width: 100%; max-width: 200px;\" srcset=\"https:\/\/www.finder.com\/niche-builder\/67f6e86b65674.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/67f6e86b65674.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/67f6e86b65674.png?fit=600 600w\" sizes=\"(max-width: 600px) 100vw, 600px\" loading=\"lazy\"><\/center>\r\n    \r\n              \r\n<center>\r\n<div class=\"detail-info 7fd7d7fc-e864-45a9-b585-bfadfd222da4\" style=\"cursor: pointer; z-index: 1;position: relative; margin-bottom: 1rem; display: inline-flex;\">\r\n  \r\n\r\n    \r\n      \r\n    \r\n    <a class=\"scoreCombined score__container finder-score\">\r\n      <span class=\"score__badge score__badge--great\">\r\n        <span class=\"score__value\">8.8<\/span>\r\n      <\/span>\r\n      <span class=\"score__text-wrapper score__text score__text--great\">\r\n        Great\r\n      <\/span>\r\n    <\/a>\r\n  \r\n<\/div>    \r\n  <\/center>\r\n  \r\n  \r\n  \r\n<a class=\"luna-button luna-button--success luna-button--fluid has-margin-top-xsmall\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/loanconnect-personal-loan-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%227fd7d7fc-e864-45a9-b585-bfadfd222da4%22%2C%22product_name%22%3A%22LoanConnect%2BPersonal%2BLoan%22%2C%22offer_id%22%3A%2215388%22%2C%22decorator%22%3A%22CAFPL.PRODUCT.CAFPL_PRODUCT_DISPLAY%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22post_id%22%3A%22820382%22%2C%22post_path%22%3A%22personal-loans%252Fmagical-credit%22%2C%22post_country%22%3A%22ca%22%7D\" target=\"_blank\" type=\"button\">Go to site<\/a>\r\n<a class=\"luna-button luna-button--action luna-button--ghost luna-button--fluid has-margin-bottom-xsmall\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/loanconnect-personal-loan\" role=\"button\">Read review<\/a>\r\n<\/div>\r\n<div class=\"u-grid__col u-3\/4@m\" style=\"padding-bottom: 0px;\">\r\n   <div class=\"has-padding-xxsmall\"><\/div>  \r\n<h4 id=\"7fd7d7fc-e864-45a9-b585-bfadfd222da4\" class=\"luna-card__title\" style=\"padding-bottom: 10px; font-size: 20px;\">LoanConnect Personal Loan<\/h4>\r\n\r\n\r\n<div class=\"u-grid u-grid--alignMiddle\">\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">$500 \u2013 $60,000\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Loan amount<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">8.99% \u2013 35%\r\n      \r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">APR<\/span>\r\n  <\/div>\r\n  <div class=\"u-grid__col u-1\/3@m u-1\/2\" style=\"padding-bottom: 0px;\">\r\n    <span style=\"font-size: 20px; font-weight: 900; color: #1D53FF;\">3 - 120 months\r\n\r\n    <\/span>\r\n    <br>\r\n    <span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative; top: -8px;\">Term<\/span>\r\n  <\/div>\r\n<\/div>  \r\n\r\n\r\n\r\n      <div class=\"has-overflow-auto luna-tabs\" style=\"margin: 0rem;\">\r\n    <ul class=\"luna-tabs__list\">\r\n        <li class=\"active luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname0-7fd7d7fc-e864-45a9-b585-bfadfd222da4-1\" data-toggle=\"tab\">Info<\/a><\/li>\r\n      \r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname1-7fd7d7fc-e864-45a9-b585-bfadfd222da4-1\" data-toggle=\"tab\">Pros + Cons<\/a><\/li>\r\n\r\n        <li class=\"luna-tab\"><a class=\"luna-tab__action\" href=\"#pb-tabname2-7fd7d7fc-e864-45a9-b585-bfadfd222da4-1\" data-toggle=\"tab\">Details<\/a><\/li>\r\n    <\/ul>\r\n     \r\n      <div class=\"tab-content\">\r\n      \r\n        <div class=\"tab-pane active\" id=\"pb-tabname0-7fd7d7fc-e864-45a9-b585-bfadfd222da4-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n<div class=\"has-padding-xsmall\"><\/div>\r\n              LoanConnect is another Canadian loan search platform that connects borrowers with a wide network of lenders. Whether you have excellent credit or you've been turned down by banks before, LoanConnect partners with 30+ lenders to help you find personal loans, debt consolidation loans and even loans for bad credit.<p>If you prefer a direct lender, you can apply with Magical Credit or explore other private lenders. But if you want a fast, hassle-free way to explore your loan options, LoanConnect is worth considering.\r\n            <\/p><\/div>\r\n        <\/div>\r\n      \r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname1-7fd7d7fc-e864-45a9-b585-bfadfd222da4-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n              <div class=\"has-padding-xsmall\"><\/div>\r\n              <div class=\"u-grid u-grid--gutterCollapse\" style=\"margin: 0px;\">\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n                \r\n                <ul class=\"list-1\">\r\n                \r\n                  <li>Pre-approval in minutes<\/li>\r\n                \r\n                  <li>Choose the best offer<\/li>\r\n                \r\n                  <li>Options for good and bad credit<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <div class=\"u-grid__col u-1\/2@m\">\r\n              \r\n                <ul class=\"list-12\">\r\n                \r\n                  <li>High rates for bad credit<\/li>\r\n                \r\n                  <li>Not a direct lender<\/li>\r\n                \r\n                <\/ul>\r\n              \r\n                <\/div>\r\n              <\/div>\r\n            <\/div>\r\n        <\/div>\r\n\r\n      \r\n        <div class=\"tab-pane\" id=\"pb-tabname2-7fd7d7fc-e864-45a9-b585-bfadfd222da4-1\">\r\n            <div data-category=\"\" data-niche=\"\" data-fieldset=\"default\" class=\" default\">\r\n\r\n<table class=\"luna-table\" style=\"border: 0px;\">\r\n  <tbody class=\"luna-table__body\">\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Amount<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">$500 \u2013 $60,000\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">APR Range<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">8.99% \u2013 35%\r\n      <\/span>\r\n    <\/td>\r\n  <\/tr>\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Loan Term<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">3 - 120 months<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n       \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Serviced Provinces\/Territories<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">All provinces<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Turnaround Time<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Receive funds in as little as 24 hours.<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Min. Credit Score<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">300<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n   \r\n\r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Fees<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">No application, origination or brokerage fees<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n    \r\n    <tr>\r\n     <th class=\"u-1\/3@m\"><span style=\"font-size: 15px; font-weight: 500; color: #6c7881; position: relative;\">Requirements<\/span><\/th>\r\n     <td class=\"i_infobox_data product_infobox_data\"><span style=\"font-size: 15px; font-weight: 600; position: relative;\">Canadian citizen or permanent resident, age of majority in your province of residence, current debts must total less than 60% of your income<\/span>\r\n    <\/td>\r\n  <\/tr>\r\n\r\n  <\/tbody>\r\n<\/table>\r\n\r\n<\/div>\r\n<\/div>       \r\n<\/div>\r\n<\/div>\r\n\r\n  <\/div>\r\n  <\/div> \r\n<\/div>\r\n<\/article>\r\n\r\n<style>\r\n.no-cta-button {\r\n  font-weight: bold;\r\n  font-size: 18px;\r\n  color: #00ba9c;\r\n  text-decoration: underline;\r\n  text-align: center;\r\n  margin-top: 0 !important;\r\n  width: 100%;\r\n}\r\n\r\n.no-cta-button:hover {\r\n  color: #4dceb9;\r\n}\r\n<\/style>\r\n\r\n\r\n  \r\n<style>\r\n.scoreCombined.finder-score::before {\r\n  display: none;\r\n}\r\n\r\n.score__container {\r\n    display: flex;\r\n    width: 100%;\r\n    flex-direction: column;\r\n    flex-flow: nowrap;\r\n    font-size: 18px;\r\n}\r\n\r\n.score__badge {\r\n    border-radius: 100px 16px 100px 100px;\r\n    border: none;\r\n    display: flex;\r\n    justify-content: center;\r\n    align-items: center;\r\n    height: 2.2rem;\r\n    width: 2.2rem;\r\n    background-image: linear-gradient(\r\n        45deg,\r\n       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227);\r\n    color: rgb(161 98 7);\r\n    padding-right: 0px;\r\n}\r\n.score__text--basic {\r\n    background-color: rgb(255, 234, 227);\r\n    color: rgb(240, 88, 0);\r\n    padding-right: 0px;\r\n}\r\n\r\ntable div[class*=\"methodology-partial\"] {\r\n    display:none;\r\n}\r\n\r\n<\/style><h3>What we like about Magical Credit<\/h3><ul class=\"list-1\"><li><strong>Loans for bad credit.<\/strong> Magical Credit considers applicants with poor credit or low income and accepts government subsidies like unemployment insurance, baby bonuses and more. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/bad-credit-personal-loans\">Learn more about bad credit loans in Canada<\/a>.<\/li><li><strong>No collateral required.<\/strong> Magical Credit\u2019s loans are unsecured, meaning you don\u2019t need to put up assets like your home or car.<\/li><li><strong>Fast approval.<\/strong> You can get approved in as little as 24 hours, with funds deposited into your account shortly after.<\/li><li><strong>Flexible loan use.<\/strong> Magical Credit offers personal loans for various needs, including medical expenses, bill payments and emergency costs, so borrowers have the freedom to use funds as needed.<\/li><\/ul><h3>What to watch out for<\/h3><ul class=\"list-12\"><li><strong>High interest rates.<\/strong> APRs range from 19.99% to 35%.<\/li><li><strong>Doesn\u2019t serve all of Canada.<\/strong> Magical Credit does not operate in Quebec, Manitoba, Saskatchewan and Newfoundland and Labrador.<\/li><li><strong>Loan amounts are limited.<\/strong> Borrowers can apply for $1,500 to $20,000. Some applicants may qualify for less than they request.<\/li><\/ul><h3>Magical Credit reviews<\/h3><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"width: 30%; text-align: left;\" scope=\"col\">Site<\/th><th style=\"width: 70%; text-align: left;\" scope=\"col\">Details<\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><td>Trustpilot<\/td><td>3.9 out of 5 stars, based on 101 Magical Credit reviews<\/td><\/tr><tr><td>Google<\/td><td>4.4 out of 5 stars, based on 395 Magical Credit reviews<\/td><\/tr><tr><td>BBB accreditation<\/td><td>N\/A<\/td><\/tr><tr><td>BBB rating<\/td><td>N\/A<\/td><\/tr><tr><td>BBB reviews<\/td><td>0 reviews<\/td><\/tr><tr><td>Customer reviews verified as of<\/td><td>February 28, 2025<\/td><\/tr><\/tbody><\/table><h3>What do Magical Credit reviews say?<\/h3><p>It is difficult to share the overall customer opinion across the internet considering the Better Business Bureau (BBB) and Google don\u2019t have any public reviews for Magical Credit.<br>However, Trustpilot provides us with over 100 reviews with both positive and negative themes.<\/p><p>Many customers on Truspilot appreciate Magical Credit\u2019s fast approval process and friendly customer service. Positive reviews also consistently praise Magical Credit for offering a list of loan options despite having bad credit. On the other hand, some borrowers report poor customer service interactions, difficulties reaching support and frustration with high interest rates.<\/p><h4>What does Reddit say about Magical Credit?<\/h4><p>There aren\u2019t too many threads about Magical Credit on Reddit. The one discussion about Magical Credit on the platform includes a mix of opinions. Some contributors claim Magical Credit preys on those with mediocre financial literacy while others defend its legitimacy. Overall, the few discussions on Magical Credit are vague and don\u2019t offer any detailed experiences with the company.<\/p><h3>Am I eligible?<\/h3><p>To qualify for a Magical Credit loan, you must meet the following criteria:<\/p><ul><li><strong>Residency:<\/strong> Reside in Canada (loans are not available in Quebec, Manitoba, Saskatchewan and Newfoundland and Labrador).<\/li><li><strong>Banking:<\/strong> Receive income via direct deposit into an active bank account.<\/li><\/ul><p>You must also meet the income requirements based on your financial situation:<\/p><h4>If you are employed:<\/h4><ul><li><strong>Employment:<\/strong> Be employed for at least six months with a stable income.<\/li><li><strong>Credit history:<\/strong> Have a history of repaying loans, which may be considered during approval.<\/li><\/ul><h4>If you receive government benefits:<\/h4><ul><li><strong>Income:<\/strong> Receive eligible government subsidies. Almost any payment received from the government is classified as government subsidies by Magical Credit.<\/li><\/ul><h3>How to apply for personal loans like Magical Credit<\/h3><p>Applying for an online loan generally requires submitting personal and financial information. Here\u2019s what you\u2019ll likely need:<\/p><ul><li><strong>Government-issued ID.<\/strong> Lenders require identification, such as a driver\u2019s licence or passport, to verify your identity.<\/li><li><strong>Proof of income.<\/strong> You may need to provide recent pay stubs, direct deposit records, or other documentation to show you have a steady income.<\/li><li><strong>Bank account details.<\/strong> Most online lenders require an active bank account for loan deposits and repayments.<\/li><li><strong>Instant bank verification.<\/strong> Many lenders, including Magical Credit, ask applicants to log into their online banking through a third-party service to verify income and financial history instead of uploading bank statements manually.<\/li><li><strong>Credit and affordability check.<\/strong> Some lenders review your credit history and financial obligations to determine whether you can afford the loan.<\/li><li><strong>Loan agreement review.<\/strong> Before accepting the loan, you\u2019ll need to review the terms, including interest rates, repayment schedules and any fees.<\/li><\/ul><p>Magical Credit follows this general process, but requirements and approval criteria vary between lenders. Always compare options to ensure you\u2019re getting the best loan for your financial situation.<\/p><h3>Bottom line<\/h3><p>Magical Credit provides loans for borrowers with a range of credit scores, including those with bad credit. While it markets its loans under different names\u2014such as <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/emergency-loans\">emergency loans<\/a>, medical loans and bill payment loans\u2014they all function as <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/unsecured-loans-canada\">unsecured personal loans<\/a> with fixed repayment terms. While Magical Credit offers fast approvals and accessible lending criteria, its interest rates can be higher than those of banks and credit unions. Before committing, compare options from multiple lenders to ensure you\u2019re getting the best loan for your financial situation.<\/p><h3>Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000000\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000000\">\n                <span class=\"luna-accordion__title\">How much will I have to pay in interest on a Magical Credit loan?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000000\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>You'll pay an APR between 19.99% \u2013 35%. The rate you're offered will depend on factors like your monthly income and credit score. These rates are higher than you'll pay with the bank, but less than you'll pay for a payday loan.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">What can I use my financing for?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>You can spend the money you borrow on just about anything you can think of. This can include medical bills, childcare costs, legal fees, day-to-day expenses and more. You get to decide what you need the money for, and you don't need to justify your purchases when you take out your loan.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">Is it possible to get a Magical Credit loan with bad credit?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Absolutely. No matter how bad your credit is, you'll likely be approved for a loan if you have a regular source of income that meets the minimum requirements. This income can come from employment or government subsidies.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">How can I pay my Magical Credit loan off?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>You'll be able to make hassle-free payments with Magical Credit's automatic pre-authorized payment plan. You'll just need to make sure you have enough money in your account each month to cover what you owe.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Is Magical Credit legit? Read our review to learn about its loans, rates and customer feedback.<\/p>\n","protected":false},"author":1362,"featured_media":1049877,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[407],"tags":[78923,3343],"asset_tag":[],"class_list":["post-820382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-loans","tag-bad-credit","tag-personal-loans-2"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Magical Credit: Pros, Cons &amp; Your Alternatives | Finder Canada<\/title>\n<meta name=\"description\" content=\"Looking for a loan with bad credit? 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You'll just need to make sure you have enough money in your account each month to cover what you owe.\r"}}]}]},"article_modified_time":"2025-03-13T14:45:47+00:00"},"custom_fields":{"show_author_box":["yes"],"_masthead_subheading":["{\"text\":\"Get up to [nb:value niche_code=&quot;CAFPL&quot; record_type=&quot;PRODUCT&quot; record_id=&quot;e08cc04b-46b3-4497-ad48-db1146936b64&quot; field=&quot;RATES.MAX_LOAN_AMOUNT&quot; decorator=&quot;GLOBAL.VALUE.MONEY&quot;] with a Magical Credit loan&mdash;for bad credit and low-income borrowers\"}"],"_content_type":["niche-content\/information\/product-rates-and-fees"],"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\",\"tilesMenuId\":\"\"}"],"custom_post_template":["single-product-review.php"]},"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/820382"}],"collection":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/users\/1362"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/comments?post=820382"}],"version-history":[{"count":11,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/820382\/revisions"}],"predecessor-version":[{"id":820395,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/820382\/revisions\/820395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media\/1049877"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media?parent=820382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/categories?post=820382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/tags?post=820382"},{"taxonomy":"asset_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/asset_tag?post=820382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}