2957.3% APR Representative (variable) This is an average across the panel of lenders that we use. The representative APR will depend on the lender you are placed with. Magic Loan is a trading name of Magic Finance. Failure to make a late or non payment can result in additional charges being made to your account. Further more failure to remedy any late or missed payment can result in further action, including but not limited to debt collection activities. All of our lenders practice a responsible lending policy.