KASASA Loan

Introducing a loan that breaks the rules: The Kasasa Loan®.
It’s the only loan with Take-Backs™ on your side.

You know it’s smart to pay off your loan faster, but what if you need that additional cash later for other things? With a Kasasa Loan, you don’t have to choose. You can pay ahead on your loan with confidence knowing you can withdraw the additional funds at any time. Plus, it’s all backed by a mobile-friendly dashboard that lets you know exactly where you stand.

Here is how to apply!

Get Take-Backs at your fingertips.

Download the Kasasa Loan app for free at the Apple App Store® and Google Play™

Kasasa Loans put you first.

Loan Description: A Kasasa Loan is a fixed rate, fixed term loan that provides consumers with an opportunity to lower their overall interest expense or create an open-end, revolving line of credit, by making payments that are in excess of the loans scheduled monthly payments. 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. 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 days 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 late fee if you are late on a scheduled payment and a returned payment fee for every payment that is returned for insufficient funds, refer to the Fee Schedule for current fees.

Application of Loan Payments: 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.