Skip a Loan Payment

Skip a Payment, Support Your Community

Enjoy extra financial breathing room with Andrews Federal’s Skip-A-Pay program. For just $25 per skipped payment, you can defer up to two eligible loan payments each year—giving your budget a break when you need it most. Even better, part of your fee goes toward supporting local charities, so you’re helping others while helping yourself stay on track.

Eligibility Guidelines

To ensure you qualify, please review the following requirements:

• You must have made at least six consecutive monthly payments before your loan becomes eligible.
• Interest continues to accrue during the skipped period.
• You may skip up to two payments per calendar year, with at least six months between each skip.
• A maximum of six payments may be skipped over the life of the loan.
• Some auto loans may have additional restrictions based on your loan contract or optional GAP coverage.
• Mortgage loans, home equity loans, lines of credit, credit cards and Cash-to-Go are not eligible.
• Members with a charge-off share or loan, negative share balance, delinquent loan, or bankruptcy status are not eligible.
• Payments currently due or paid ahead by more than one month do not qualify.
• You have to have $25 dollars available in your checking or savings account for the fee.
• Reminder: 

  o    If you have a recurring payment set up through another financial institution, you’ll need to contact them directly to adjust or pause the payment for the month you choose to skip.

  o    If you have a recurring payment set up through Andrews Digital Banking, you’ll need to log in to adjust or pause it for the month you choose to skip.