KGC Federal Credit Union offers members loan specials throughout the year. e. Members may borrow up to $1,000 for 12 months at just 8.5% APR as part of these loan specials:
Tax Special: March – April
Vacation Special: June and July
Back-to-School Special: August and September
Christmas Special: November and December
See our Current Loan Rates below for rate and disclosure information on these services.
Our loan programs include:
To apply for a loan, simply stop in the office for an application or download the PDF from the apply for a loan tab. You may also call or email a request for an application to be mailed or emailed to you. Automatic payment is available with any of our loan services.
New & Used Vehicles
| Description | Term | APR* |
|---|---|---|
| New untitled / less than 20,000 miles | up to 84 months** | as low as 5.50% |
| up to 72 months | as low as 4.50% | |
| up to 60 months | as low as 4.00% | |
| up to 48 months | as low as 3.75% | |
| up to 36 months | as low as 3.50% | |
| Used 2016 -2020 | up to 72 months | as low as 5.00% |
| up to 60 months | as low as 4.50% | |
| up to 48 months | as low as 4.00% | |
| Used 2009-2015 | up to 60 months | as low as 6.50% |
| up to 48 months | as low as 5.50% | |
| up to 36 months | as low as 4.75% |
**Must borrow over $30,000.00 to qualify for 84 month term. Members with Risk Score of 700 or above may qualify to borrow up to $65,000 on a New Vehicle Secured Loan.
We finance only 80% of the sticker or retail value for those members whose Risk Score is 599 and below. We finance up to 100% of the sticker price on new vehicles and up to 100% of the NADA Average Retail Value on used vehicles. We also change a late fee of $25.00 if the loan is 10 days late.
Recreational Vehicles (Campers, Boats, Dirt Bikes, Motorcycles, ATV, UTV, & Trailers)
| Collateral | term | add on APR |
|---|---|---|
| RV/Camper | 84 months max | 2.50% |
| Watercraft | 72 months max | 2.00% |
| Classic Car | 60 months max | 2.00% |
| Motorcycle | 84 months max | 1.00% |
| ATV (All Terrain Vehicle) | 72 months max | 1.00% |
| Other Titled Vehicles | 72 months max | 1.00% |
Share Secured Loans
| Type | Term | APR |
|---|---|---|
| 100% secured | 60 months | 4.50% APR |
| 50% | 60 months | 5.00% APR |
Signature (Personal) Loans
All rates and terms are determined by your Fair Issac Risk Score and Debt Ratio
| Term | APR |
|---|---|
| up to 60 months | as low as 8.75% |
| up to 48 months | as low as 8.25% |
| up to 36 months | as low as 7.75% |
| up to 24 months | as low as 7.50% |
| up to 12 months | as low as 7.25% |
*APR = Annual Percentage Rate **The posted rates includes a 1/4 (0.25%) discount for automatic deduction of the payment from a KGC Federal Credit Union deposit account.