Can I pay extra on my loan?

Paying off your loan faster can feel great and save you money! If you have some extra cash, you might wonder: Can I pay more on my loan? The good news is, yes, you can!

We want to make managing your loan easy and flexible. Here’s how paying extra works and why it’s a smart idea.

What is an overpayment?

An overpayment is when you pay more than your usual monthly loan payment. You can do this by:

• Paying a one-time extra amount.
• Paying a bit more each month.

There are no extra fees or charges for doing this!

Why pay extra?

Paying extra can really help. Here’s how:

• You pay less interest: When you pay off your loan faster, you’ll owe less interest. This saves you money!
• You finish your loan sooner: Paying more means you can get out of debt faster.

It’s a simple way to take control of your loan and save money.

How to pay extra

It’s easy to make an overpayment:

• You can increase your monthly payments.
• Or, you can make a one-time payment.

Let us know before you pay extra, and we’ll make sure it’s applied the right way. We can also show you how it will change your loan balance and end date.

If you ever have questions, our team is here to help. Paying a little extra can help you save money and reach your goals faster!