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Employment Loans in Nunavut

Life in Nunavut, the land of ice and snow, is expensive, even for those with full-time work. When unexpected circumstances arise and you need a short term employment loan, you can turn to Magic Credit for employment loans for bad credit.

Don’t let a past bankruptcy or bad credit history hold you back from seeking out a short term employment loan from us. Just take a deep breath and apply for an employment loan in as little as 5 minutes!

Need an employment 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!

I want to borrow:

< $2000 >

Why You Might Need an Employment Loan

  • Travel – Road trips are out of the question in Nunavut because of the state of our roads, but you can still escape the cold with the help of a short term employment loan…for a little while at least!
  • Medical Bills – Employment loans are a great way to cover the costs of medical procedures and prescriptions not covered by the Nunavut Health Care Plan.
  • Start a Side Hustle – Always dreamed of selling your homemade jewelry or famous caribou jerky? A side business is a great way to find personal fulfillment while making fat stacks. If you need an employment loan to help get your side hustle on, we can help you without the hoops banks will make you jump through.
  • Meeting Rising Bill Payments – Life can be harsh in the Great White North, especially with the rising cost of living in Nunavut. Don’t just survive, but thrive with the help of employment loans from Magical Credit.

Employment Loans FAQs

Is it guaranteed approval?

We do not guarantee approval for emergency cash advances, seeing as every case is different – but that doesn’t mean you’re ineligible for an employment loan with bad credit.

We accept working income, as well as government subsidies, as long as you are receiving a minimum of $600.00 a month in addition to direct deposit income. A denial would be the result of current consumer proposal default on loans, loans in collections, or current bankruptcy.

I live in Nunavut, can I still get an easy approval loan?

Yes – the only provinces we do not lend to are Quebec, Manitoba, and Saskatchewan.

Do you help people with bad credit in Nunavut?

Yes, we are a bad credit loan lender! And that includes employment loans for bad credit in Nunavut. We don’t go off your credit score, but your overall report of credit. So we consider other variables like current consumer proposal, bankruptcy, and current loans in collections.

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 up to a 12-24 month term with an interest rate of 3.9% per month.
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.
Terms and Conditions: (APR 23% min - 59.7% max) Loan amortization is between 12-24 months. Loan must be paid in full by the end of term, no extensions or exceptions, no automatic renewals. Failure to pay your debt on time with impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureau.