Does Your Yukon Government Income Qualify For A Cash Loan?
If you’re currently a resident of the Yukon territory in Canada, Magical Credit accepts a variety of income sources from the federal (Canada) and provincial (Yukon) governments. We also consider sources of fixed private income, such as monthly payments from pension or insurance companies.
Below are the most common types of government income received by people who live in the Yukon. Each of these types of income can qualify for a cash loan, if you fit our other requirements . Depending on the amount of your income, you can qualify for between $1,500 and $20,000.
Yukon Government Income Sources That Qualify Include:
- 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 may not include every type of government income available in Yukon. We accept most types of fixed government income that are received on a monthly basis. If you are unsure if your Yukon 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: 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.
