Whatever your financial needs, Kern Schools is here to help. With a variety of personal loan options to choose from, you can count on us to help finance any expense.

Our Personal Loans offer:

  • Competitive low fixed rates
  • Flexible terms
  • No prepayment penalty
  • Available payment protection

 

At Kern Schools, we are proud to make the application process easy.

Apply online today!

You can also apply for a Personal Loan through our DataMobile app, DataNet online banking, by calling (661) 833-7900 or (800) 221-3311 (if outside of Bakersfield), or visiting one of our convenient branch locations.

An Option to Meet Your Needs

Personal Loan

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.

Learn about our payment protection options

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 1/01/2017. 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 1/01/2017. 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
Ready Cash Line of Credit/
Overdraft Protection
N/A Lowest – Highest
13.50% – 18.00%¹
$30.00²

¹Your APR will depend on your creditworthiness.
²Your monthly payment will be 3% percentage 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. Best of all, you’ll have access to your funds while continuing to earn dividends on your funds over the life of the loan.


Rates Effective As Of 1/01/2017. 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
IRA Loan $5,500
($6,500 if age 50 and over Funds deposited to KSFCU IRA)
12 Mo. 3.00% $84.69³

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%.