Loan Rates

As of April 1, 2014

(Loan rates are subject to change and are listed as a general guide only. For up-to-date rates contact Mid Kansas Credit Union at 620-345-2980 )

Car, Pickup and Motorcycle Loans
Auto Type Term Fixed Rate Payment Factor/ $1,000*
2010 and newer** 36 Months 3.90% 29.48
2010 and newer** 48 Months 3.90% 22.53
2010 and newer** 60 Months 3.90% 18.37
2009 and 2008 36 Months 4.90% 29.93
2009 and 2008 48 Months 4.90% 22.98
2009 and 2008 60 Months 4.90% 18.83
2007 and older / Other Secured 36 Months 5.90% 30.38
2007 and older / Other Secured 48 Months 5.90% 23.44

* Payment Factor = amount of loan divided by 1,000, taken times the payment factor. Example: The monthly payment for a new car loan of $10,000 for 36 Months @ 6.4% is (10,000/1,000)=10. 10 X 30.61 = monthly payment of $306.10.

** Loan rate good for new money purchases only.

Consumer Loans
Loan Type Length Fixed Rate
Share Secured Up to 1 Year, Renewable 3.50%
Education Up to 1 Year 12.00%
Other Secured or Cosigner Only Up to 3 Years 12.00%
Signature / Unsecured ($2,500 Max) Up to 1 Year 15.00%
Open End / Line of Credit Up to 3 Years 9.90%
Open End / Line of Credit Over to 3 Years 10.90%
Overdraft Protection Loan N/A 17.00%
VISA Credit Card N/A 10.90%
Agriculture and Commercial Loans
Loan Type Length Variable Rate
Agriculture Real Estate 75% Loan to Value Up to 20 Years 4.00%
Agricultural Operations Up to 5 Years 5.25%
Commercial Up to 5 Years 5.75%
Consumer Real Estate Loans
Loan Type Length Rate
In House 70% Loan to Value 5 Year balloon up to 20 years1 4.30% F
In House 80% Loan to Value 5 Year balloon up to 20 years1 4.80% F
In House 2nd Mortgage 75% LTV Up to 10 years 5.30% F

1 Fixed rate applies for a five year period. After the five years the loan is refinanced for another five years at the current rate.

Moundridge: 104 S. Avenue B | P.O. Box 608 | Moundridge, KS 67107 | 620.345.2980
Buhler: 200 W. 2nd | P.O. Box 569 | Buhler, KS 67522 | 620.543.2662