¹The 6.25% APR reflects a 0.25% discount for maintaining automatic transfer payments from a Kern Schools Federal Credit Union account. Rates may differ depending on Member’s qualifying credit criteria. Promotional rates range from 6.25% APR to 13.50% APR. ²APR = Annual Percentage Rate. ³Interest continues to accrue during the ninety (90) day deferral period. Maximum repayment term is 12 months. All loans are subject to credit approval. Kern Schools is an equal opportunity lender. Rates effective 11/01/2018.