How does due date change affect the loan terms?

When you change the due date, number of loan periods and the interest rate are not affected. However, it can increase or decrease the total number of days in the loan.

Since the interest is accumulated daily, you will pay less interest if the total number of days will be reduced. If the total number of days will be increased, interest for additional days will be added to your last payment.

That's why the last payment can be a little higher or lower from the standard payment amount.