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 $500 to $20,000.
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.
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.