Will a large payment make my payments lower? No, a large payment will pay off more of the principal balance. The monthly minimum payment is always the same. Making larger payments will reduce the term length. 0 99 Related Knowledgebase Are there tax documents for my personal loan? Will the personal loan report to the credit bureaus? I am having trouble making a payment. What are my options? How do I make my personal loan payments? Where can I find my personal loan documents?