Principal Only Payment
Make a principal-only payment to fixed-term loans.
1
Transfers & Payments

  1. From your Online Banking home page, click on “Transfers & Payments” located in the header.
  2. Click on “Make Transfers/Payments.”

2
Select Accounts

Use the drop-down menus to select the desired accounts. Choose an installment loan as the “Transfer To” account.

3
Complete the Form

  1. Click on the radio button for “Other Amount” and enter the desired principal-only payment amount.
  2. Under Principal Only, click on the radio button for “Yes.”
  3. Click on the “Continue” button.

A principal-only payment applies the entire amount to the principal balance of the loan.

Important: This does not apply funds to interest owed or advance the loan due date.

4
Confirm

A summary of details displays.

Click on the “Confirm” button to complete your payment.

5
Acknowledgement

An acknowledgement message displays as well as a summary of your transaction details.

1
Transfers & Payments

  1. From your Online Banking home page, click on “Transfers & Payments” located in the header.
  2. Click on “Make Transfers/Payments.”

2
Select Accounts

Use the drop-down menus to select the desired accounts. Choose a fixed mortgage loan as the “Transfer To” account.

3
Complete the Form

  1. Delete the figure in the “Regular Amount” field.
  2. Enter the desired amount of principal-only payment in the “Principal Amount” field.
  3. Click on the “Continue” button.

A principal-only payment applies the entire amount to the principal balance of the loan.

Important: This does not apply funds to interest owed or advance the loan due date.

4
Confirm

A summary of details displays.

Click on the “Confirm” button to complete your payment.

Note: This may take up to 3 business days for the system to reflect your principal-only mortgage payment.

5
Acknowledgement

An acknowledgement message displays as well as a summary of your transaction details.

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