Do You Qualify For A Cash Loan In Nova Scotia?
If you’re located in Nova Scotia, Magical Credit accepts a wide variety of income sources from the federal (Canada) and provincial (Nova Scotia) governments. We also accept private sources, such fixed income from insurance or pension companies. Below is a list of the most common types of government income received by residents of Nova Scotia. Each of these types of income may qualify you to receive a cash loan of $1,500 to $20,000.
Sources Of Nova Scotia Government Income
- Canadian Pension Plan (CPP)
- Employment Insurance (EI)
- Employment Insurance Maternity Leave (EI)
- Baby Bonus/Canada Child Tax Benefit (CCTB)
- Employment Support Program (ESS)
- Nova Scotia Child Benefit (NSCB)
- 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 received on a monthly basis. If you are unsure if your Nova Scotia 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 12 to 78 payments, with flexible payment schedules available as weekly, bi-weekly, semi-monthly, or monthly.
Example: A $5,000 loan repaid over 36 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 34.86%. 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.
