Will making a large payment or additional payments change my monthly due amount?

Making a large payment or additional payment on a loan will not automatically reduce your monthly payment. If you make a large or additional payment, the entirety of the amount paid will go to reduce your principal. The interest is pre-computed and does not change with additional payments. However, to save money on interest, you are welcome to payoff the loan amount early by doing so on your dashboard or by calling customer support at 1-701-566-6560.

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