Loan Protection
Loan protection products like Debt Cancellation, GAP insurance and Mechanical Breakdown coverage provide peace of mind against life’s surprises. From covering loan balances to unexpected repairs, these solutions help keep you financially secure.
Debt Cancellation
Sleep easier at night knowing you have this optional protection in case of unexpected life events.
GAP Protection
Depreciation can create a gap between what your car is worth and what you owe. If you total your car — or it’s stolen and unrecovered — protect yourself from being out-of-pocket for much of the difference.
Mechanical Breakdown Protection
Ever notice how your vehicle tends to need costly repairs right after the warrantee expires? Let Kinecta get you access to a policy that can smooth the speedbumps in your life.
Debt Cancellation Protection. Available for personal credit cards and auto loans and is optional. Debt Cancellation will not affect your application for credit or the terms of any existing credit agreement with Kinecta. There are eligibility requirements and exclusions that could prevent you from receiving benefits under Debt Cancellation. For a full explanation of terms and conditions, contact a Kinecta branch or call our Member Contact Center at 800.854.9846.
Guaranteed Asset Protection (GAP). Subject to approval. GAP is not a product of Kinecta Federal Credit Union. Product is administered by Southwest Business Corporation (SWBC).
Your purchase of GAP Advantage is optional. GAP Advantage will not affect your application for credit or the terms of an existing credit agreement you have with Kinecta. There are eligibility requirements and exclusions that could prevent you from receiving benefits under GAP Advantage. For a full explanation of terms and conditions, contact a Kinecta branch or call our Member Contact Center at 800.854.9846.
- Purchase of GAP will either be refinanced into your Kinecta auto loan or paid out of pocket, based on the number of payments that have been made on the loan. If a credit card payment option is made, the charge will be processed as a cash advance and different rates may apply. Check your credit card agreement for applicable cash advance rates. Please check with a Kinecta representative for full payment options.
Mechanical Breakdown Protection (MBP). Subject to approval. Mechanical Breakdown Protection is not a product of Kinecta Federal Credit Union. Product is administered by Southwest Business Corporation (SWBC)
MBP is considered insurance in some states. MBP will not affect your application for credit or the terms of any existing credit agreement you have with Kinecta. Plans are available for most new and used domestic and imported vehicles. There are eligibility requirements and exclusions that could prevent you from receiving benefits under MBP. For a full explanation of terms and conditions, contact a Kinecta branch or call our Member Contact Center at 800.854.9846.
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