How to Apply for a Loan with Your Canada Child Benefit
by Kevin Silver
The Canada Child Benefit (CCB) is a tax-free, monthly payment to eligible families that help with the costs of raising children under 18 years old. Read More
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Is the Minimum Wage Hike Good for Ontario?
by Kevin Silver
We’re a couple of months into the ambitious minimum wage hike imposed by Ontario’s provincial government, and it’s garnering both positive and negative responses. Read More
Beware of these New Lending Scams in Canada!
by Kevin Silver
We rely on the Internet for virtually everything nowadays, and looking for the best personal loans with the best rates is no different. Read More
Tax Credit vs. Tax Deduction
by Kevin Silver
They say each and every season has its own unique beauty, but it’s hard to say the same for the tax season. Read More
Understanding Different Types of Loans in Canada
by Kevin Silver
When looking for a loan, it quickly becomes obvious that they’re not a one-size-fits-all transaction. Read More
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 19.99% min - 46.8% max. On $1,500 borrowed for a 1 year term at 3.9% per month, the total cost of borrowing including a $194 fee is $896.00. The total amount to be paid back with interest and fee is $2,396.00. 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 $15.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $150.00. The total to payback is $1,150.00 which is an annual percentage rate of 391.07%. ON License #4741412. BC License#85919.
The Loan must be paid in full by the end of term, no extensions or exceptions, 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.
