By signing the above, you authorize Savannah Federal CU to extend your final loan payment by one month on each loan selected. The $25.00 processing fee must be prepaid for each payment you elect to skip. Interest will continue to accumulate on your loan during the month that the payment is skipped. You may skip a loan payment twice annually. There must be a minimum of four months between skipped payments. All loans and accounts must be current to qualify. Skip-a-Pay cannot be applied to lines of credit and or loans secured by real estate. This product may void your GAP policy or reduce the amount of payout. GAP policies allow only two skips during the life of the auto loan. Eligibility will be determined by a loan officer.