Magic Loans offers secured, bridging and commercial loans by searching for a suitable lender and taking your home’s equity into account. Customers are assigned a Personal Loan Manager to guide them through the loan arranging process. If you apply for a Magic Loan, you can check the progress of your application over the phone.
For the majority of Magic loans, interest rates are fixed for up to five years. There are no arrangement fees and you can apply online. Many Magic loans will allow you to pay more than the required monthly payment or settle your debt early if you wish. If you need to borrow more money in the future, Magic Loans can arrange a top-up with your current lender or one that better suits your circumstances at the time.
After you apply for your loan, Magic Loans will assess your request and find the most suitable lender from its panel, aiming to approve your loan in principle within 24 hours. The Magic Loans panel consists of 20 lenders including Paragon, Picture Financial, First Plus Financial and Endeavour Personal Finance.
