Get A Loan On Your Child Tax Benefit
Alberta Child Tax Credit Loans
Raising a child in Alberta costs a lot of money. Their tastes are expensive right from the start, with expenses growing as fast as they do.
First it’s a fancy liquid-only diet, then they move on to tiny individual glass jars of gourmet mush, and by the end they’re demanding raw fish and bison burgers! It costs $250,000 to raise a child to 18, so it’s not surprising at all when families need to borrow money.
Unfortunately, borrowing is often easier said than done. Banks have rigid lending policies and will reject you for a number of reasons. Payday loan companies may lend to you, but you’ll have to pay their unreasonably high interest rates.
Thankfully, there’s a better option. Magical Credit is a flexible poor credit lender that provides child care/child tax benefit loans in Alberta. You can leverage your monthly child tax benefits for a loan as large as $20,000!
Apply for a child tax credit loan online in 5 minutes or less!
I want to borrow:
Repayment amount includes optional Loan Protection Plan coverage.
Loan amount and payment amount subject to change upon final loan approval.
Why Get a Child Tax Benefit Loan in Alberta?
- Dentist – Dental emergencies strike at all ages and tooth problems are hereditary. A quick Magical Credit loan can get you and your kids to the dentist to treat your family’s notorious hard-to-reach molars.
- Vacation – You only have so many chances to take family vacations before your kids become too cool to spend time with you. Get a Magical Credit loan and go to Disney World before it’s too late!
- Pets/Pet Care – Pets are great. They fill the house with love and energy, and they’re a great way to teach your kids responsibility. But they’re expensive – you’re pretty much raising a hairy child.
- Appliance Repair & Replacement – Your kid’s going to break an appliance. That’s a fact. But you’re an adult, so you have to keep calm and carry on (by getting a Magical Credit loan).
Child Tax Benefit Loans FAQs
Yes, Magical Credit is a poor credit lender. We don’t make lending decisions solely off of credit score. If you receive at least $1,200 a month via direct deposit, you will be considered for a child tax benefit loan in Alberta.
You do not need to be employed to qualify for an online loan for child tax benefits. Aside from borrowing off of child tax benefits, you can also borrow off of EI and CPP, as well as income from pensions or maternity benefits.
You can apply for a loan from anywhere between $1,500 and $20,000.
In order to apply, you need the following:
- Be 18 years or older
- Valid chequing account
- Proof of income
- Valid ID
- SIN
You must receive at least $1,410 a month to qualify for a Magical Credit child tax benefit loan.
3.9% a month.
Need an emergency loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our short-term, personal loan calculator!
Disclosures:
Magical Installment Loans: Installment loans are available to eligible residents of Ontario and range from $1,500 to $20,000. Repayment terms range from 12 to 78 payments, with flexible payment schedules available as weekly, bi-weekly, semi-monthly, or monthly.
Example: A $5,000 loan repaid over 36 monthly installments would require payments of $300.40 per month.
NOTE: Loan amount and payment amount are subject to change upon final loan approval. Interest rate for Personal Loans is calculated at 34.86%. The Repayment amount includes optional Loan Protection Plan coverage.
Magical Cash Loans - Ontario, British Columbia, Alberta, Northwest Territories, Nunavut, and Yukon Residents only: We offer Magical Cash Loans in the amount of $100-$1,500.00. The cost of borrowing is $14.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $140.00. The total to pay back is $1,140.00, which is an annual percentage rate of 365.00%. ON License #4741412. BC License#85919 AB License#358423.
The Loan must be paid in full by the end of the term, with no extensions or exceptions, and no automatic renewals. Failure to pay your debt on time will impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureaus.
Our Family of Brands: Whether you need personal funding, business advance, or short-term cash support, our family of brands offers financial solutions designed to fit your needs.
-Magical Credit: Personal Loans and Installment Loans available through Magical Credit.
Apply Now: https://www.magicalcredit.ca
-Magical Business: Merchant Cash Advances and business funding solutions available through Magical Business.
Apply Now: https://www.magicalbusiness.ca
-Magical Cash: Payday Loans and short-term cash solutions available through Magical Cash.
Apply Now: https://www.magicalcash.ca
