Skip-a-Pay

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Take a Break from Your Loan Payment.

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How Skip-A-Pay Works

If you want to skip your loan payment, you can start the request in Online Banking or the Mobile App using the Skip-A-Pay tool. The tool will even check your loan’s eligibility for you—making the process quick and easy.

If approved:

  • Skip-a-pay advances your loan payment to the next due date. 
  • The skipped payment is added to the end of the loan.
  • Interest will continue to accrue during the skipped period.
  • A $25 fee will be added to the loan or withdrawn from your account. 

If you prefer to talk to someone you an always give us a call, and we’ll help you get it set up.

Eligibility Requirements

  • Your loan must be current at the time of the request
  • Your account must be in good standing
  • Loans can only be skipped once every 12 months
  • A maximum of 6 skips can be processed over the life of the loan
  • A $25 fee per skip applies, which can be added to the loan or withdrawn from your account
  • At least one full loan payment must be made before Skip-A-Pay can be used
  • Consecutive skips are not allowed—you cannot skip two payments in a row

Ineligible Loan Types 

  • Real estate loans
  • Revolving lines of credit
  • Loans with terms greater than 143 months
  • Loans with force-placed insurance (CPI)

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Interest will continue to accrue on the outstanding balance of the loan until it is paid in full. You will continue to be responsible for the entire outstanding principal and interest of the loan, and will still be responsible to continue to make the monthly payments after the original maturity date until all principal and interest is paid in full and any pledge of security shall remain in effect until the loan is fully repaid. The next regular payment will be due on the scheduled payment due date following the month you elect to skip a payment. Any credit life and/or credit disability insurance on the loan will not extend beyond the original maturity date of the loan. If your loan is protected by GAP (Guaranteed Asset Protection), skipped payments may not be covered if a claim is made. For more information or if you have any questions regarding your GAP policy, please contact our loan department at 907-561-1407 or toll-free at 800-747-1407. Other restrictions may apply.

Need a little extra cash this month? With our Skip-A-Pay program, you can skip your loan payment once every 12 months, giving you some financial flexibility when you need it most. Whether you have unexpected expenses or just want a little breathing room in your budget, we’re here to help.