How to Apply for a Loan with Your Canada Child Benefit
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The Canada Child Benefit (CCB) is a tax-free, monthly payment to eligible families that help with the costs of raising children under 18 years old. Read More
Magical Credit Blog
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How Magical Credit Saved Christmas
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If you’ve told your children the tales of Ebenezer Scrooge and The Grinch countless times, we’ve got a new holiday saga to share with a round of hot chocolate: How Magical Credit Saved Christmas. Read More
Fictional Characters Who Could Have Used Magical Credit
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The following hypothetical loan situations are based on the assumption that the following fictionalized characters collect a fixed monthly income of $600. Read More
Find Your Credit Card Match
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Picking a credit card is just like prom season - you shouldn’t settle for the first offer that comes your way. Read More
Beware of these New Lending Scams in Canada!
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We rely on the Internet for virtually everything nowadays, and looking for the best personal loans with the best rates is no different. Read More
5 Ways the Tax Man is Watching You
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Hey, Canadians! We just wanted to give you a reminder that the 2017 tax season’s about to meet its end. Read More
Tax Credit vs. Tax Deduction
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They say each and every season has its own unique beauty, but it’s hard to say the same for the tax season. Read More
Our loans are considered short-term loans and have up to a 6-60 month term with an interest rate of 3.9% per month.
Example: $1,500 borrowed for one year at 3.9% per month. Monthly payments are $199.67. Total payback with interest and fee of $194.00 is $2,396.00.
NOTE: 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.
