Bankwest Forum

Ask a new question
Reply
New Member

Home load monthly minimum repayment

Posted by mia_mi77 mia_mi77
Message 1 of 3 53 Views

Hi, can you please explaine why the subtotal of interest and pricincal i pay each month varies. Shouldn't it be the same amount showed on the contract unless the interest rate has changed. My understanding is the interest charge varies each month, but the monthly minimum repayment (P&I) do not change? Thanks

Reply
0 Kudos
Moderator

Re: Home load monthly minimum repayment

Posted by MegB MegB
Message 2 of 3 37 Views

Hi @mia_mi77 thanks for reaching out. Your minimum monthly repayment (MMR) will remain the same unless there's a change made to the account (eg. an out of cycle limit reduction or interest rate change).

So we can look into this further for you, please have a chat with our Online Messaging Team. I'm unable to view your accounts via the Forum I'm sorry.

Reply
0 Kudos
New Member

Re: Home load monthly minimum repayment

Posted by mia_mi77 mia_mi77
Message 3 of 3 29 Views

Thanks, i definitely need to talk to someone as the P&L each month varies. It's so confusing. 

Reply
0 Kudos
Ask a new question
Top kudoed contributors

Bankwest SWIFT code: BKWAAU6P
© 2019 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.