If holiday bills or other expenses have you feeling a little ruffled, don’t forget that you may be eligible to skip a payment on a Salal loan. That little extra cash can be just what we need sometimes, when the cost of living seems to be more about “cost” than “living!”
Some considerations: not every Salal loan is eligible for the Skip a Payment program, so please check our website for details. Also, please remember there is a $25 fee per skip, payable by check or via a transfer from a Salal account. You are extending the term of your loan by one month per skip; interest will continue to accumulate, even during a “skipped” month—this may increase the overall cost of your loan.
If skipping a payment on a Salal loan might make breathing a little easier, requesting a skip is simple:
- Go to our website, salalcu.org.
- Click on the “Loans” tab and choose “Skip a Payment” from the list on the left.
- Print the form, fill it out and mail it or bring it to a branch.
- You can also request a skip form from your branch or by calling 800.562.5515 to have one mailed to you.
*Other restrictions may apply.