Need a little extra time? SKIP A PAY!
Plans can change at any time. INOVA offers a solution that lets you skip a loan payment* once per year.
Skip A Pay is a convenient tool to help you free up some extra cash for:
- Holiday shopping
- Vacation time
- An unexpected emergency
- Whatever you need
To get started, simply log into digital banking, select "Transfer & Pay", and then choose the "Skip A Pay" option.
Not enrolled in digital banking yet? No problem! Follow these simple steps to enroll today!
The Skip A Pay fee is $50 per loan skipped and only one skipped payment per loan per calendar year. You may not skip your first payment or consecutive payments, regardless of the calendar year. Must be a credit union member in good standing.
*When you authorize INOVA FCU to advance your loan due date by one month, your regular monthly payment will resume immediately following the month you indicate. Requesting deferment of a loan payment will cause an extension of the term of the loan and the interest will continue to accrue during the deferment period. Further, no deferred payment will extend the term of any elected voluntary Credit Life and/or Credit Disability insurance, Guaranteed Auto Protection (GAP), Major Mechanical Protection (MMP), or Involuntary Unemployment Protection, therefore the request for deferment will not prolong this coverage beyond the original maturity date of the insurance policy.
If you have a payment scheduled via one of INOVA's online payment options or another financial institution, this payment will process unless cancelled/altered by you. If you have a recurring payment through one of INOVA's online payment options or another financial institution’s payment service, please login to cancel your payment for the current month and confirm future recurring payments are scheduled as desired.
The following loan types are eligible for the Skip A Pay Program: Signature, vehicle, and recreational vehicle loans
Loans excluded: Mortgages, Credit Cards, Powerhouses, Commercial Loans/Lines, and Unsecured Lines of Credit. Certain restrictions apply.
