Wishing you could skip a loan payment this holiday season?
Your wish is our command! We understand the holiday season can be financially stressful and we want to help take the burden off to help make your holidays a little more joyful. For a $35 processing fee, eligible members can skip one monthly payment on qualifying loans* in:
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- November
- December
- January
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Whether you’re shopping for gifts, planning a cozy getaway, or simply want some extra room in your budget, Skip a Pay is the perfect way to treat yourself this season.
Qualifying loans include:
Auto Loans
Recreational Loans
Home Equity
*To qualify, your Novation loan account must be in good standing and must have at least 6 months of payment history. Not applicable to First Mortgage Loans, Home Equity Lines of Credit, Visa® Credit Cards, Checking Overdraft Protection or Student Loans. For each qualifying loan, you may skip a maximum of one loan payment per promotional period (November 1, 2025 – January 31, 2026). A non-refundable administrative fee of $35 will be charged per skipped payment. Interest will continue to accrue during the skipped pay period. Requests must be received at least 5 business days prior to payment due date. Other restrictions may apply. If applicable, debt protection premiums will continue to be added to your loan balance. Note: Skipping payments may significantly extend the term of your loan.