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Modify Your Loan (Flex Loans)

Flexible options that help adjust your loan terms when your financial needs change.

Flexible Loan Payments When You Need Them

Life changes — and your loan should be able to change with you. Summit Choice Credit Union now offers Flex Loans, a feature that gives you more control over the terms of your existing loan without refinancing, pulling new credit, or visiting a branch.

With Flex Loans, you can quickly and easily adjust your loan term to better fit your budget — all right from your online or mobile banking account.

Apply Online

What Are Flex Loans?

Flex Loans allow you to request a loan modification right within Summit Choice digital banking by changing your loan term* by up to 12 months. When your term changes, your monthly payment and loan maturity date automatically update. This helps you tailor your payment to your current financial situation without the hassle of refinancing.

*Subject to approval and eligibility. A processing fee applies.

How Flex Loans Work

Flex Loans give you options based on your financial goals:

Lower Payments

Extend your loan term to free up cash flow.

Faster Payoff

Shorten your loan term if you want to become debt‑free sooner (note: this may increase your monthly payment).

Fixed Rate

Your loan rate stays the same — no interest changes, no penalties, and no credit check.

Easy Access

Request changes quickly from mobile or online banking

Is My Loan Eligible?

Loan Age

Auto loans more than one year old

Payment Status

Loans do not qualify if past due (1+ day) or have a history of repeated delinquency

Loan Balance

Loans with an original balance more than $2,000

Credit Score

Loans where the original credit score at the time of origination was above 580

How to Request a Loan Modification

To request a Flex Loan adjustment:

Select Loan

Select your eligible loan account.

Modify Loan

Choose Modify My Loan.

Adjust Term

Increase or reduce your loan term (up to 12 months).

Fees

A small processing fee (e.g., $49) applies and can be deducted from the account you choose at the time of request.

Flex Loans empower you to manage your payments without refinancing — meaning you get flexibility when you need it most. This tool is designed to help you adjust your payment plan to match your evolving financial picture.

Ready to Adjust Your Payment?

Log in to your online or mobile banking account today and explore Flex Loans under your loan options. If you have questions or want help determining eligibility, reach out to our member support team.

Access Flex Loans in Online Banking Contact a Loan Specialist