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Here’s How it Works:
Think of Skip-A-Pay like a little breath between eligible auto, motorcycle or RV loan payments.1 Qualified members can request to skip one scheduled monthly payment up to two times a year for a $30 fee per skip. You can request your skip online or in any branch!
Eligibility Requirements:
- Loan must have at least six payments made
- Loan must be current and not more than 25 days past due
- Loan is not paid ahead by more than three months
- No more than two Skip-A-Pay or hardship extensions in the past 12 months
How to Find Available Skip-A-Pay Options:
FAQs
Is there a fee to skip a payment?
Yes, there is a $30 fee per skip.
How does Skip-A-Pay work?
Skip-A-Pay allows eligible Desert Financial members to defer one scheduled loan payment at a time, up to two times per year, on qualifying auto, motorcycle or RV loans.
What types of loans are eligible for Skip-A-Pay?
Eligible loans include qualifying auto, motorcycle and RV loans. Please review the eligibility criteria above or check availability in Online Banking.
Disclosures
1
On eligible loans, borrowers may request to skip up to two scheduled payments per calendar year for a fee of $30 per skipped payment. Interest will continue to accrue during the skipped period, which may increase the total amount paid over the life of the loan and extend the original loan term. If optional ancillary products (such as GAP or warranty coverage) were added to the loan, coverage may not extend beyond the original maturity date. Eligibility requirements apply. Not all loans qualify. Other restrictions may apply.