If you’re currently residing in the Northwest Territories, Magical Credit accepts a variety of government income sources, as well as private sources such as fixed monthly payments from insurance or pension companies.
The list below covers some the most common types of government income received by residents of Northwest Territories. Each of these income sources may qualify you for a cash loan in the Northwest Territories. Depending on the amount of your monthly income, you may qualify for anywhere between $500 and $20,000. Read more about our loan requirements for further details.
Please note that this list is not comprehensive. We accept most types of fixed government income that are direct deposited on a monthly basis. If you are unsure whether your Northwest Territories government subsidy or fixed monthly income qualifies you to receive a cash loan from us, please call us at 1-855-639-6888.
Our loans are considered short-term loans and have up to a 6-60 month term with an interest rate ranging from 3.4%-20% per month.
Example: $1,500 borrowed for one year at 3.4% 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.