This application is for members who wish to defer their Metco auto or personal loan payments. Payment deferrals are NOT available on Home Equity Loans, Credit Lines or Home Loans.
A minimum of six payments must be made on all new loans to be eligible for a deferment. Please be sure your most recent payment (prior to the month you are requesting to defer) has been made before applying. A processing fee of $30 will be added to the loan for each requested payment deferral. If you have not heard from a Metco staff member within three business days, please call us at (319) 398-5007 to ensure your application was received.
NOTE: If you make loan payments on a bi-weekly basis and you are scheduled to make *three* payments during the month you’ve selected to skip, only TWO of your payments will be skipped. The third payment will still be made.