Interest accrues daily. Any amount added to the required monthly payment will be applied to the principal.
For Example: Monthly payment is $300. If you make a payment for $350, fifty dollars will be applied to the principal.
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Can I make a principal only payment on my personal or auto loan?
May 21, 2019 in
Next Steps
There are many resources available from Peninsula Credit Union to help you take steps to securing your financial future. Here are just a few:
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