According to StatsCan, it costs $250,000 to raise a child until they’re 18! And that’s without investing in some kind of robot nanny to do the work for you.
Sadly, banks are uncaring, stingy lenders. And payday loan companies will lend to anyone because of their out-of-control interest rates.
Magical Credit is a reasonable high-risk lender with a fixed monthly interest rate of 3.9%. We also provide childcare & child tax benefit loans in BC, allowing you to leverage your monthly child benefit payments into loans for up to $20,000!
Need an online loan for child tax credits, but are unsure of the terms? Calculate your monthly loan repayment schedule with our personal loan calculator!
Yes – Magical Credit specializes in bad credit applicants. We don’t solely weigh credit score, but your overall report of credit. By receiving at least $600/month via direct deposit, you can be eligible for an online loan in BC!
Employment is not a must for a Magical Credit next-day loan application. We accept traditional and non-traditional forms of income! Of course, you can receive cash loans on child tax credits- but you can also borrow when collecting EI, CPP, pensions, or maternity benefits.
Receive cash loans on child tax credits anywhere between $500 and $20,000.
In order to apply, you need the following:
Magical Credit provides loans for child tax benefits in BC, from our headquarters in Toronto.
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!
Our loans are considered short-term loans and have a 12-60 month term with a fixed interest rate of 3.9% per month.
Example: $1,500 borrowed for one year at 3.9% per month. Monthly payments are $199.05. Total payback with interest and fee of $194.00 is $2,388.54.
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.