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.
Here's how to do it:
1. Log in to your PayBright account
2. Find your loan on the main menu
3. Select "Make a prepayment"