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.
Disclosures:
Magical Installment Loans: We offer installment loans in the amount of $1,500- $20,000 that have a 12-60 month term with an APR of 19.99% min - 35% max. On $1,500 borrowed for a 1-year term at 2.9% per month, the total cost of borrowing is $525.00. The total amount to be paid back with interest is $2,025.00. AB License #349796 and BC License #83626
NOTE: Our installment loans are open, so 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.
Magical Cash Loans - Ontario, British Columbia, Northwest Territories, Nunavut, and Yukon Residents only: We offer Magical Cash Loans in the amount of $100-$1,500.00. The cost of borrowing is $14.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $140.00. The total to payback is $1,140.00 which is an annual percentage rate of 365.00%. ON License #4741412. BC License#85919.
The Loan must be paid in full by the end of the term, with no extensions or exceptions, and no automatic renewals. Failure to pay your debt on time will impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureaus.
