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AlissaW
AlissaW
New Member

Principal payments on my statement
Posted by AlissaW AlissaW

on ‎04-01-2019 03:54 AM

Message 1 of 2 887 Views

Hi,

I am wondering why I only see the interest debited from my home loan and not the principal? I am always curious as to how much I have paid off the home loan however looking at my statements I cannot find where the principal is.

Ant help would be great! Thank you 

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MegB
Moderator
Moderator

Re: Principal payments on my statement
Posted by MegB MegB

on ‎04-01-2019 03:16 PM

Message 2 of 2 885 Views

Hi @AlissaW, you can calculate the principle portion of your loan repayments by taking the debit interest from your minimum monthly repayment.

The reason the principle portion isn't shown on your statement, is because its a reduction of the loan limit, not a debit from the available balance. I'm very sorry for any trouble this may cause.

If you're ever unsure of the principle amount, please click the 'Message us now' button located to the bottom of your online banking screen, or the 'Ask us' button if using our app. Our Online Messaging Team are available at any time to assist. 

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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.