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Do You Qualify For A Government Subsidy Loan?

Magical Credit is a Canadian private lender that specializes in providing cash loans to people who are receiving a fixed government income. We accept a variety of different government subsidies from both federal and provincial governments in Canada.

What Qualifies As A Government Subsidy?

Often when people hear the term "government income" they think of welfare and government assistance. However there are many government-funded programs that can contribute to your income, and your ability to qualify for a Magical Credit cash loan. Almost any payment that is received from government sources (provincial or federal) is included in our definition of government subsidies. This applies to everything from baby bonuses, to unemployment insurance, to old age security.

Not sure if your government income qualifies for a cash loan? Click on your province below to see a list of the most common types of government income that Magical Credit approves for cash loans.

If you have questions, please refer to our FAQs for commonly asked questions, or contact us for further details. We typically respond to loan applications and inquiries within one business day.

To determine if you qualify for a cash loan, please submit an online loan application:

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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