How to understand loans and other charges

Here’s a snapshot of loans or other charges you may have your bill:

An example of the Loans/Term billing portion of the paper bill. The table contains columns labelled: Current interest; Current principal; and Principal balance remaining. Rows underneath the table include number instalment, and totals for current interest and principal.
  1. Current interest – The interest portion of your loan payment.
  2. Current principal – The principal portion of your loan payment.
  3. Principal balance remaining – The remaining balance due on your loan this bill.
  4. Installment – The number of loan payments you've made within your loan term.
An example of other charges listed on the paper bill.
  1. Other charges – Charges or credits for other services (e.g., rental charges). The GST is displayed separately, if applicable.

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