Disclosures
**Cash back offer is valid for $10 per $1,000 up to $200 maximum per member for any new auto loan. Commercial vehicles excluded. Not valid for existing MVCU loans. Funds will be applied to member’s account at closing. Must meet eligibility guidelines. Application must be submitted between March 1 and May 31, 2023 to receive the offer. Termination fee equal to the incentive may apply if closed within the first 12 months. Offer subject to change without notice.
*APR is Annual Percentage Rate. Offers are subject to change without prior notice. Additional rates and terms are available. Advertised rate(s) available on New & Used Vehicle Loans of Model Year 2018 or Newer with a maximum loan to value (LTV) of 100% or less. Cost per thousand is calculated using the highest term in the range. Promotional payment example is based on 5.99% for 87 consecutive months at $14.24 per $1,000 borrowed. Monthly Payment is not guaranteed. Approval subject to passenger vehicle(s) model year 2018 - 2023 with a maximum allowable Loan to Value of 100% of NADA vehicle value. Model year must not exceed 5 years of age and mileage must be under 100,000. Verification of income may be required at time of application. Minimum loan amount of $20,000. Other rates and terms may apply subject to individual credit worthiness.
***No payment for 90 days offer is for auto loans only, commercial vehicles excluded. Payment deferred 90 days, with interest accrued during the 90 days payment deferral. For refinance of auto loans, the consumer auto loan must be refinanced from another financial institution. Not valid for existing MVCU and BCU loans. Loans subject to credit qualifications and approval. Other rates and terms available. Other restrictions may apply. This offer is subject to change without notice.
*+ Take Back Feature
Loan Description: Your Kasasa Loan enables you to borrow money and to pay it back on a fixed schedule just like any other personal loan, but your Kasasa Loan also gives you the option to make prepayments (payments in excess of your scheduled monthly payments) to reduce the total amount of interest that you must pay. Unlike traditional personal loans, consumers who have met each of their required schedule payments, can borrow against these excess funds at the same interest rate as their initial Kasasa Loan to address unexpected needs (i.e. car repairs, health issues) or take advantage of opportunities (i.e. college acceptance) that may arise. The loan's current available credit limit will be specified in each periodic statement issued.
Loan Rates & Term: Kasasa Loans are subject to credit approval by our institution. Many factors affect credit approval and the interest rate you may receive. Upon approval, your loan's Annual Percentage Rate (APR) will not change throughout the life of your loan, unless otherwise mutually agreed to and documented within a subsequent action form. Should your application be approved, your Kasasa Loan will begin on the day you sign our loan agreements and will continue until the maturity date or until you have a zero balance in your account.
Loan Interest Charges & Fees: Interest will begin to accrue, with no grace period, on the date advances are posted to your loan. We use the daily balance method to calculate the interest on your account. Your daily balance is determined by adding any new advances, charges or unpaid accrued interest to the day's beginning balance and then subtracting any payments or credits that are made. We determine your interest charges by applying a daily periodic rate (i.e. APR / 365) to each daily balance within a billing cycle. In addition to interest, you will also be charged a fee of $5.00 or 5% of the payment, whichever is less, for each time you are late on a scheduled payment and a fee of $10.00 for every payment that is returned for insufficient funds. All payments are applied first to any accrued interest, then to the loan's principal, then to any outstanding fees and finally to any remaining principal.
Additional Information: Membership restrictions may apply. To qualify, a borrower must be at least 18 years old, a U.S. citizen or a permanent resident and must meet our institution's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other funding criteria. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors including the term of the loan, your financial history, years of experience, income and other factors. Rates and terms are subject to change at any time without notice and are subject to state restrictions. Contact one of our credit union loan representatives for additional information, details and loan application.
Trademarks: Kasasa Loans is a trademark of Kasasa, Ltd., registered in the U.S.A.
