Qualifying For A Magical Credit Loan In New Brunswick
If you’re currently a resident of New Brunswick, your federal (Canada) or provincial (New Brunswick) government income may qualify for a loan with Magical Credit. We also accept fixed private income, such as monthly payments for pension or insurance. Below are a few of the most common types of monthly government income received by residents of New Brunswick. Each of these may qualify for a cash loan, if you meet additional requirements. Based on the size of your income, you can qualify for anywhere between $1,500 and $20,000.
New Brunswick Government Income Sources That Qualify:
- Canadian Pension Plan (CPP)
- Employment Insurance (EI)
- Baby Bonus/ Canada Child Tax Benefit (CCTB)
- Universal Child Benefit (UCB)
- Old Age Security
- Employment Insurance Maternity Leave (EI)
- Workplace Safety and Insurance (WSIB)
- Private Pensions (Blue Cross, Sun Life, etc.)
Please note that this list may not include every type of government income available in New Brunswick. We accept most types of fixed government income that are received on a monthly basis. If you are unsure if your New Brunswick government subsidy or fixed monthly income qualifies you to receive a cash loan, please call us at 1-855-639-6888.
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.
