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info@moneymagnetloans.com
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(519) 766-8640
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What We Offer
Compare Our Loan Options and Find your perfect fit
We at Money Magnet Loans understand that financial emergencies can arise any time. We are there to help you in these tough situations by providing a complete package of loans. Whatever our requirement is, we have all kinds of loans from online personal loans and auto loans to mortgage loans, business loans and home loans.
Calculate Your Loan Payment
Borrow amount: $15,000
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About Company
We are a trusted financing partner
Welcome to Money Magnet Loans. We are your trusted partner in financing solutions. We aim to provide the needed financial assistance to individuals and businesses so that they can achieve their goals with ease. We have a team of financial experts who are available round the clock to provide you assistance and guidance when looking forward to apply for a loan. The experts will listen to your requirements and customize the loan with terms that you are comfortable with. With us, you can rest assured of the best rates in the industry and loan options to fulfill all your financial needs. No matter, you need a business loan, personal loan, mortgage loan, student loan, auto loan or debt consolidation loan, feel free to get in touch.
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Best Ioan Agency
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Trusted & Experience
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Dedicated Support & Security
Our mission is simple: to make your financial dreams a reality. Whether you're looking to purchase a home, start a business, fund your education, or simply need some extra cash for unexpected expenses, we're here to help. We're committed to offering a wide range of loan products and services that cater to your unique needs and circumstances.
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Empowering Financial Futures
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Trusted & Experience
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Dedicated Support
We at Money Magnet Loans aspire to be a dedicated partner to all your financial solutions. No matter, you are going to buy your first home, facing unexpected financial challenges or are looking forward to launch a startup, we are there to provide you financial support and guidance. Our experts feel proud in guiding you towards your financial goals.
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So, wait no further and get in touch to get rid of all your financial troubles.
What is Annual Percentage Rate– APR?
5.8% APR Representative based on a loan of $10,000 repayable over 60 months at an interest rate of 5.8% per annum . Monthly repayment of $191.71. Total amount payable $11,502.60. Loan products general have a 61-day minimum repayment term and a 72-month maximum repayment term. Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site.
Comparing loan options
Make sure you understand the total cost of a loan before making a decision. Multiply the payment amount by the number of payments in your term.
For example, suppose you want to get a personal loan for $2,000. The interest rate is 19.99% on a monthly payment plan. The example below shows the total cost of a loan with different terms.
Table 1: Example of the total cost of personal loan with different terms
| Option | Monthly Payment | Loan Term (Months) | Total Loan Cost |
|---|---|---|---|
| 1 | $185 | 12 | $2,220 |
| 2 | $75 | 36 | $2,700 |
| 3 | $53 | 60 | $3,180 |
This example shows that the longer you take to pay off your loan, the more expensive it’ll be.
Interest rates
The interest rate on a personal loan impacts the overall cost of the loan. By law, lenders may not charge more than 35% interest annually. This includes all fees, costs and interest that you’ll pay to get the loan.
For example Suppose you want to get a personal loan of $2,000 for 36 months. The example below shows the total cost of the loan with different interest rates.
Table 2: Interest on a personal loan
| Option | Interest Rate | Monthly Payment | Total Loan Cost |
|---|---|---|---|
| 1 | 8.99% | $64 | $2,304 |
| 2 | 19.99% | $75 | $2,700 |
| 3 | 34.99% | $92 | $3,312 |
This example shows that a higher interest rate may significantly increase the total cost of your personal loan.
The interest rate a lender offers you may vary depending on:
- Your credit history
- The type of lender
- The type of loan (secured or unsecured)
Amazing Company
Unlock Your Financial Potential with Our Loans
Our Loans are meant to help you in your troubled times. Our financial products are designed such that they cater to various needs and situations of people. Below listed are the financial services we offer:
Personal Loans
We offer personal loans to help people fulfill their personal needs. These are unsecured loans which can be used for paying medical bills, home improvements, planning a vacation, vehicle servicing, any financial emergency, etc. These are not tied to collateral like a property or any asset. With us, you will get the best personal loan interest rates and ample time to pay back the loan with ease.
Mortgage Loans
These are long term loans generally availed to purchase a real estate property. They are available in various forms including fixed-rate mortgages, adjustable-rate mortgages and government backed loans such as VA loans and FHA Loans..
Business Loans
To help businesses grow and reach new heights, we offer different types of business loans. These loans help to fund their operations, expand their business, acquire new business and upgrade by adding new equipment. These loans comprise of term loans, small business administration loans, business lines of credit, etc.
Get in touch to avail the unparalleled loan services
Get In Touch
Quick And Hassle Free Loan Services
Step 01
For any kind of loan, you can apply online from your phone or from over 400 locations nationally. You just need to fill a small form with basic details to apply.
Step 02
Gone are the days when you had to wait for days to know whether your loan application is approved or not. We focus on a quick approval process, providing the decision within minutes so that you can plan accordingly.
Step 03
After approval, you can get the funds in your account within 24 hours. The funding can be provided via direct deposits, electronic transfers or cheque.
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