Apply for an Unemployment Loan in Nova Scotia in just 5 Minutes!

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Get an Unemployment Loan in Nova Scotia from Magical Credit

You’ve turned to banks for an unemployment loan, but they only seem to care about your bad credit score, not your financial situation. You’ve tried payday loan companies, but their hefty interest rates make their loans unattractive.

Who can you turn to next?

Unlike banks and payday loan companies, Magical Credit understands your financial situation and offers unemployment loans in Nova Scotia for people with bad credit. Apply for an unemployment loan today!

“I need an unemployment loan but I want to know what my monthly payments are going to look like…” – Use our personal loan calculator to find out!

I want to borrow:

< $2000 >
$500
Min
$10,000
Max

Why Do I Need an Unemployment Loan?

  • Internet/Mobile Plans – We live in a digital age, it’s outdated to hand-deliver your resume. For many companies, job applications are made online. It’s important to have access to the internet to keep up with potential job opportunities.
  • Hobby Classes/Professional Development – The time between jobs can be a good time to pursue interests, develop skills, and meet new people. Community colleges offer a variety of interesting courses for a reasonable cost.
  • Moving expenses – Sometimes job opportunities are far away and relocating your family is the best decision for your career. However, moving from one city to another is quite costly. Let an unemployment loan cover the cost of furniture, storage rentals, moving trucks and security deposits.
  •  Interview Clothes – Your appearance influences an interviewer’s impression of you before you even open your mouth. An unemployment loan can help you look professional, sharp, and most importantly, like an ideal candidate for the job!

Unemployment Loans in Nova Scotia - FAQs

Will my unemployment impact my eligibility for a loan?

No, Magical Credit offers loans to people currently out of work. Employment isn’t a requirement for a Magical Credit loan. We accept government subsidies such as EI as a source of income, and if you receive at least $600 monthly via direct deposit, you will be considered for an unemployment loan.

I need $250 for my electrical bill, can I get an unemployment loan for less than $500?

Sorry, we only offer unemployment loans between $500 and $10,000!

I'm unemployed and have bad credit, can I apply for a loan?

Yes, we specialize in unemployment loans for Nova Scotians with bad credit. Your eligibility for a loan isn’t determined solely on your credit score, but your credit history. If you are receiving at least $600/month via direct deposit, we will consider you.

I’m 17 years old, can I get an unemployment loan?

Sorry, you must be at least 18 years old to be eligible for an unemployment loan.

Do I need to mail any documents?

No, all information is transferred online. You can upload everything to our site!


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
Term
1 Year
APR
56.50%
Amount
$2,000.00
Fees
$194.00
Interest Rate (46.8%)
$936.00
Total Cost of Borrowing
$1,130.00
Total Due End of Term
$3,130.00
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.