Take a break from your loan payment this July
Skip a Payment. Soak Up Summer.
Summer should be spent making memories, not stressing over your monthly loan payment. With Novation Financial’s Summer Skip-a-Pay program, you can take a break this July and keep more money in your pocket for the things that matter most.
Whether you’re planning a family getaway, tackling summer projects, or just enjoying a little extra flexibility, skipping a payment can help free up your budget when you need it.
How it Works
Eligible members can skip one monthly payment on qualifying loans in July for a fee. It’s a simple way to give yourself a little extra financial breathing room without the hassle.
It’s quick and easy. Don’t wait until July—the processing fee increases!
Processing Fee
- $39 per qualifying loan
- $65 if application is received on or after July 1, 2026
Qualifying loans include:
Auto Loans
Recreational Loans
Lifestyle Loans
Home Equity (Fixed)
Home Improvement Loans
*To qualify, your Novation Financial loan account must be in good standing and must have at least 6 months of payment history. Your loan must have a balance of $200 or more and the monthly payment must be over $100. Not applicable to First Mortgage Loans, Home Equity Lines of Credit, Visa® Credit Cards, Checking Overdraft Protection, Student Loans or Student Loan Refinances. For each qualifying loan you may skip a maximum of one loan payment in July. A non-refundable administrative fee will be charged per skipped payment: $39 if application is received by 6/30, $65 if application is received on or after 7/1. Requests must be received at least 5 working days prior to payment due date. Note: Interest will continue to accrue during the skipped pay period. Skipping a payment will increase the total cost of your loan and may extend the repayment term. If your loan includes debt protection, related premiums may continue to be added to your loan balance. All requests are subject to approval and additional restrictions may apply.