Skip-a-Payment on Select Loans

Skipping a loan payment can be helpful when unplanned expenses pop up or during high spending months, like the holidays. You can skip a loan payment on select loans and resume your regularly scheduled payments thereafter.

Your payment frequency determines how many payments you will skip with a single Skip-a-Payment request.

• A monthly schedule will skip a single payment.
• A biweekly* or semimonthly schedule will skip two payments.
• A weekly schedule will skip four payments.*

SLFCU allows members in good standing to skip eligible loan payments** twice within a rolling 12 months. However, interest will continue to accrue on your loan. The skip-a-payment benefit is available for auto loans, signature loans and CreditLines, and savings-secured loans.

Requests to skip a monthly payment can be made by submitting the form below or at any branch and must be received no later than the payment due date. Please note new loans without 6 months of payment history are ineligible for Skip-a-Pay.

*NOTE: since several months have five weeks, please be prepared to make your next loan payment on the fifth week.

**Credit cards, mortgages, Home Equity CreditLines, and single-pay loans are not eligible for skip-a-payment nor are members who already have a loan extension or are enrolled in SLFCU’s Fresh Start Repayment Plan.

SKIP-A-PAYMENT REQUEST FORM