Loan Rates

As of March 1, 2015

(All loan rates listed are Annual Percentage Rates (A.P.R).  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 888-345-2980 or 620-345-2980 )

Vehicle Loans
 

Term in Months (Up To)

Fixed Rate as low as (A.P.R)* Payment Factor/ $1,000**
New - 2014 and 2015 36 2.75% 28.98
  72 3.25% 18.09
Used - 2014, 2013, 2012, 2011 36 3.50% 29.31
  72 4.00% 18.42
Used - 2010, 2009, 2008, 2007 36 4.25% 29.64
  60 4.75% 18.76
Used - 2006 and older 36 5.00% 29.98
  60 5.50% 23.27
RECREATIONAL VEHICLES      
New 36 4.50% 29.76
  72 5.50% 19.11
Used 36 5.50% 30.21
  60 6.00% 23.49
OTHER SECURED      
  36 6.00% 86.08
  60 6.50% 44.56
       
Unsecured Signature Loans*** 12 9.25% 87.59
  36 10.00% 46.16

* Rate based on borrower's credit qualifications.

** 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 @ 2.75% is (10,000/1,000)=10. 10 X 28.98 = monthly payment of $289.80.

*** Following current $2,500 Max for Signature loans

Consumer Loans
Loan Type Length Fixed Rate (A.P.R.)
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 (A.P.R)
Agriculture Real Estate 75% Loan to Value 5 Year balloon up to 30 years1; Fixed Rate up to 10 years 4.00%
Agricultural Operations Up to 5 Years 5.25%2
Commercial Up to 5 Years 5.75%3
Consumer Real Estate Loans             (Institution NMLS ID : 790270)
(Rick G Krehbiel NMLS ID : 798840)  (Larry A Schmidt NMLS ID : 798910)
Loan Type Length Rate (A.P.R)
In House 70% Loan to Value 5 Year balloon up to 20 years1 3.71% F
In House 80% Loan to Value 5 Year balloon up to 20 years1 4.21% F
In House 2nd Mortgage 75% LTV Up to 10 years 4.71% F

1 Fixed rate applies for a five year period. After the five year period refinancing is not guaranteed. A new application will be required and refinancing will be based on creditworthiness.

2 Rate may change as often as quarterly based on internal cost of funds (4.75% above)

3 Rate may change as often as quarterly based on internal cost of funds (5.25% above)

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