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.
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.