Do You Qualify For A Cash Loan In Northwest Territories?
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 $1,500 and $20,000. Read more about our loan requirements for further details.
Income That Qualifies For Cash Loans In The Northwest Territories:
- Canadian Pension Plan (CPP)
- Employment Insurance (EI)
- Baby Bonus/ Canada Child Tax Benefit (CCTB)
- Universal Child Benefit (UCB)
- Employment Insurance Maternity Leave (EI)
- Old Age Security (OAS)
- Workplace Safety and Insurance (WSIB)
- Private Pensions (Blue Cross, Sun Life, etc.)
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.
Disclosures:
Magical Installment Loans: Installment loans are available to eligible residents of Ontario and range from $1,500 to $20,000. Repayment terms range from 18 to 78 payments, with flexible payment schedules available as weekly, bi-weekly, semi-monthly, or monthly.
Example: A $5,000 loan repaid over 18 monthly installments would require payments of $300.40 per month.
NOTE: Loan amount and payment amount are subject to change upon final loan approval. Interest rate for Personal Loans is calculated at 34.8%. The Repayment amount includes optional Loan Protection Plan coverage.
Magical Cash Loans - Ontario, British Columbia, Alberta, 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 pay back is $1,140.00, which is an annual percentage rate of 365.00%. ON License #4741412. BC License#85919 AB License#358423.
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.
