PYRAMID OF INTEREST
With Community Cash Canada, your first loan is 15% Interest. On additional loans with on-time repayment, your interest rate starts to drop!
When you pay your loan back on time, your interest rate declines!
Six (6) on-time loan repayments decrease your interest rate by 1% to a minimum interest of 12%!
Discount applies to loans that are paid back on their original due date. Loans paid after their due date will revert to 15%. Loans must be in good-standing to qualify for a cumulative discount. Any late or delinquent accounts may reset the discount cycle.