Yes, you can make extra payments to pay down your loan, or pay off your loan in full. There is never a fee for making an additional payment. Additional loan payments will not be applied to payments owed for subsequent months, nor will they postpone the due date of the following monthly installment. Additional loan payments will not only be applied to principal balances but will pay any interest due at that time prior to posting to principle.  Please refer to your MIDFLORIDA Credit Union dashboard to see details and the distribution of any additional payments being made.