An Option to Meet Your Needs
Whether you are paying for a wedding, auto repairs, school tuition, or your dream vacation, a Personal Loan from Kern Schools can help finance almost anything! This installment loan offers flexibility to fit your lifestyle.
Ready Cash Line of Credit
Obtain overdraft protection with your checking account when using your Visa Check Card or writing a personal check. You can also utilize your Ready Cash Line of Credit for cash advances up to your available limit.
- No account transfer fees
- Low monthly payment
- Ability to advance your line of credit through DataNet, DataVoice, our Communications Center or by visiting any ATM or branch location
Rates Effective As Of 2/01/2017. ALL RATES, TERMS AND CONDITIONS SUBJECT TO CHANGE. Rates and terms will vary based on the credit worthiness of individual applicants.
|CONSUMER LOANS||Maximum Repayment||Fixed Rate Annual Percentage Rates||Estimated Payment per $1,000 Borrowed|
|Smart Personal Loan: Maximum $20,000||60 Mo||Lowest – Highest
10.50% – 17.75%
|Lowest – Highest
$21.49 – $25.26
Rates Effective As Of 02/01/2017. ALL RATES, TERMS AND CONDITIONS SUBJECT TO CHANGE. Rates and terms will vary based on the credit worthiness of individual applicants.
|CONSUMER LOANS||Maximum Repayment||Non-Variable Annual Percentage Rates||Estimated Payment per $1,000 Borrowed|
|Ready Cash Line of Credit/
|N/A||Lowest – Highest
13.50% – 18.00%¹
¹Your APR will depend on your creditworthiness.
²Your monthly payment will be 3% of the credit limit with a minimum of $25.
There is no grace period and interest will begin to accrue on the date of the transaction or advance.
Share Secured Loan
A Share Secured Loan or Share-Certificate Secured Loan allows you to borrow funds using your share account (savings) or share certificate as collateral. This is the perfect loan for borrowing money and paying yourself back with the lowest possible finance charges, while continuing to earn dividends on your funds over the life of the loan.
Rates Effective As Of 02/01/2017. All rates, terms and conditions subject to change. Rates and terms will vary based on the credit worthiness of individual applicants.
|TYPE OF LOAN||MAXIMUM LOAN AMOUNT||MAXIMUM REPAYMENT||Fixed Rate Annual Percentage Rates||Estimated Payment per $1,000 Borrowed|
|Share Certificate||Up to 95% of share certificate||Not to exceed maturity date of certificate||The loan APR is 3.00% above the dividend rate paid on the Share Certificate.||$29.41¹|
|Share Secured||Up to 95% of the available shares||144 Mo.||The loan APR is 3.00% above the dividend rate paid on the Share Account.||$8.30²|
($6,500 if age 50 and over Funds deposited to KSFCU IRA)
¹Payment per $1000 is based on a 36 month term with an APR of 3.75%. Example would be a Share Certificate rate of 0.75% plus 3.00%.
²Payment per $1000.00 based on a 144 month term with an APR of 3.05%. Example would be a Share Account rate of 0.05% plus 3.00%.
³Payment per $1000.00 based on a 12 month term with an APR of 3.00%.