Univest Skip-A-Payment

At Univest, we know it's not always easy to overcome the financial challenges you encounter. Let us help you ease your financial worries with Skip-A-Payment, a program designed to provide financial relief when you need it most.

 

What is Univest Skip-A-Payment?

Skip-A-Payment from Univest provides you with the opportunity to skip up to two (2) loan payments in a year without negatively impacting your credit rating.

 

How does Univest Skip-A-Payment work?

When you take advantage of the Skip-A-Payment program, we advance your payment due date and extend your loan maturity date a month for each skip. Interest will continue to accrue during the month the payment is skipped. For example, if your loan term is 60 months and you skip two payments, you will make 60 payments over 62 months.

 

What are the qualifications for Univest Skip-A-Payment?

  • Available for use on all consumer term loans
  • Does not apply to personal lines of credit, home equity lines of credit or mortgages
  • Loans must be at least three (3) months old and current at the time of Skip-A-Payment request
  • No more than one, 60-day delinquent or two, 30-day delinquents in the past 12 months
  • No previous loan charge-off experience
  • Maximum of two skips per year and six skips over the life of the loan
  • Skips are not permitted during last three (3) months of the loan term
  • A $35 fee is required for each skip

 

Ready to skip? Stop by your local Univest financial center and take advantage of Skip-A-Payment today!