Absolutely! PayBright payment plans are repayable in full or in part at any time, with no penalty. Every penny from your extra payment goes directly toward the principal loan balance. This means that you'll pay less interest overall (if applicable) and may even pay off your loan early.
Extra payments won't lower your monthly payments, but they can reduce the term of your loan, your final payment, or both.
To schedule extra payments or a full balance payoff, please log into your PayBright Portal and select the loan you want to pay off. You will have the option to either make a partial prepayment or payoff your agreement in full.
