---
title: Will making a large payment or additional payments o my loan change my monthly due amount? 
description: Learn how monthly payments work
---

[Skip to content](https://help.panaceafinancial.com/will-making-a-large-payment-or-additional-payments-o-my-loan-change-my-monthly-due-amount-#main-content)

English

Show submenu for translations

[Contact Us](https://help.panaceafinancial.com/kb-tickets/new?hsLang=en)

[![Logo-150](https://help.panaceafinancial.com/hs-fs/hubfs/Logo-150.png?width=180&height=54&name=Logo-150.png)](https://panaceafinancial.com/)

Open main navigation

Close main navigation

- English
  
  Show submenu for translations
- [Contact Us](https://help.panaceafinancial.com/kb-tickets/new)

 How can we help?

- There are no suggestions because the search field is empty.

1. [Help Site](https://help.panaceafinancial.com/?hsLang=en)
2. [Transfers and Payments](https://help.panaceafinancial.com/transfers-and-payments?hsLang=en)

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

No, you will have a fixed monthly payment. Any additional payments will lower the overall amount you pay back in interest. This will reduce the number of payments you need to make over the life of the loan.

- [Getting Started](https://help.panaceafinancial.com/getting-started?hsLang=en)
- [Account Security](https://help.panaceafinancial.com/account-security?hsLang=en)
- [Accounts and Transactions](https://help.panaceafinancial.com/accounts-and-transactions?hsLang=en)
- [Transfers and Payments](https://help.panaceafinancial.com/transfers-and-payments?hsLang=en)
- [Customer Support](https://help.panaceafinancial.com/customer-support?hsLang=en)
- [Self-Service](https://help.panaceafinancial.com/self-service?hsLang=en)

[![Logo-150](https://help.panaceafinancial.com/hs-fs/hubfs/Logo-150.png?width=180&height=54&name=Logo-150.png "Logo-150")](http://panaceafinancial.com)

Panacea Financial Holdings partners with Primis Bank, Member FDIC, to deliver banking services through its Panacea Financial Division.

Copyright © 2025, Panacea Financial