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Get A Child Tax Benefit Loan In 5 Minutes Or Less!


Get A Child Tax Benefit Loan In Nova Scotia With Bad Credit

Raising a child in Nova Scotia isn’t cheap or easy. As a parent, you want to provide the best environment for your kids, but with the rising cost of formula, diapers, and child care it seems like an impossible task for any young family.

The Canadian government does offer child tax benefits, but it’s barely enough to keep families above water. So, it’s no surprise when families need to borrow money.

Unfortunately, securing a loan from a bank is easier said than done. Banks have strict loan requirements, and having less than perfect credit makes applying for one a total waste of time. Payday companies aren’t any better with their abnormally high-interest rates. Sure, they’ll lend to you, but it will cost an arm and a leg.

Fortunately, Magical Credit offers flexible child tax loans in Nova Scotia for parents with bad credit. We offer a reasonable fixed interest rate of 3.9% per month. In 5 minutes or less, you can leverage your child tax benefits into a short-term loan. Apply today!

I want to borrow:


Why Get A Child Tax Benefit Loan?

  • School Supplies – Give your kids a bright future by providing them with the essential tools they need to succeed in school. A child tax benefit loan can help buy notebooks, computers, calculators, and pens for the upcoming school year.
  • Winter Clothing – Kids love the snow, they love playing in it, and they even love eating it! But as a parent, it’s important to make sure your kids are bundled up for the winter months. A child tax benefit loan can provide new winter jackets, boots, and hats to keep them safe during the cold.
  • Dental – It’s no secret that kids love sweets. Whether it be chocolate bars or soft drinks, kids will relentlessly feed their sweet tooth with no regards for their oral hygiene. Be prepared to take them to the dentist with a child tax benefit loan.
  • Summer Camp – Summer break is a great opportunity for kids to learn and explore the great outdoors. Don’t have your kids cooped up at home playing video games, keep them active this summer by enrolling them in summer camp.

Bad Credit Loan FAQs

My credit score is below 500, can I still apply for a child tax benefit loan?

Yes, we specialize in child tax benefit loans for parents with bad credit. We don’t solely look at credit scores to determine an applicant’s eligibility for a loan. To be considered for a loan, you must receive at least $600 a month via direct deposit.

I'm currently receiving EI, am I still eligible for a child tax benefit loan?

Yes, we accept traditional and non-traditional sources of income. EI is one of many government subsidies we accept at Magical Credit. For a list of income-sources we accept, please read our who qualifies page.

I only need to borrow $200, can I still apply for a child tax benefit loan?

Sorry, our loans range between $500 and $10,000. No exceptions.

I only receive $600 a month, can you lend to me?

Yes, if you receive at least $600.00 a month via direct deposit, you can qualify for a child tax benefit loan.

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!

Loan Example

1 Year
Interest Rate (46.8%)
Total Cost of Borrowing
Total Due End of Term
NOTE: You can pay off your loan at any time with no penalty. You will only pay interest up to the date you borrow it.

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