Loan payment extension program
Loan Skip-a-Payment
Stretch your budget further with our loan deferral program that lets you skip up to two loan payments a year.
Defer loan payments with skip-a-pay
Sometimes you need to stretch your budget due to unforeseen expenses. Mountain America can help you with our skip-a-pay loan extension program. It's a convenient way to defer loan payments to help cover unexpected costs like holiday expenses, medical bills and tax payments.
What skip-a-pay includes
- Skip up to two payments per 12-month period.*
- It's available on most auto and personal loans.
- It's only $25 per skip.
How to skip a loan payment
Skipping a loan payment is easy and only takes a few minutes.
Online banking:
- Log in to online banking.
- Select Skip-A-Pay from the Loans & New Accounts menu.
- Choose the appropriate loan.
- Select your preferred payment method for the $25 fee.
Mobile app:
- In the menu, tap More
- Tap the Loans & New Accounts menu, select Skip-A-Pay
- Choose the appropriate loan
- Select your preferred payment method for the $25 fee
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*You must make a minimum of one loan payment prior to being eligible to skip a payment. A skip payment can be performed a maximum of twice per rolling 12-month period on a given loan and up to four skipped payments over the life of the loan. Skip-a-pay is not a forgiveness of the monthly payment, rather a deferment of the payment and the postponed payment will be added to the end of the loan which will cause the final payment to be due later than usual. Interest will continue to accrue for the deferred payment. You must request the skip-a-pay a minimum of five days prior to the payment’s due date. Other restrictions apply.
