Loan accounts
For loan accounts, the system displays the "Payment is past due" message at the top of the Account information section. Additionally, in the Account information section, the system may not display account information in some or all the fields.
The account information section displays following sections:
Payment
Total amount past due
Total amount (including interest) that you have to pay when you miss the payment date.
Current payment due
The date and amount of the next upcoming payment for the loan. The system displays the current payment due date in the MM/DD/YYYY format.
Total amount currently due
Total amount that you have to pay for the current month. This amount includes any total amount past due. The system displays the total amount currently due in the MM/DD/YYYY format.
Last payment
The date and amount of the last payment made for the loan. The system displays the last payment date in the DD/MM/YYYY format.
Next payment
The date on which you scheduled the next payment for the loan. This loan payment includes the amount of interest to be paid.
Automatic payments from
Account (for example, savings or checking) that the system uses for the automatic payment for the loan.
Balance
Principal balance
The total remaining amount that you have left to repay for the loan. This amount excludes the accrued interest and any additional fees. The principal balance may not reflect the current payoff amount.
Interest rate
Annual percentage rate of interest applicable for the loan
Interest
Total amount of interest you have left to pay on the loan
Late charges
The accrued fee you have to pay if the payment has passed the payment due date. If an amount is past due, the system displays a message to alert you for:
- The past-due amount
- The total amount due
Fees
Amount of fees that you have accrued on the loan
Insurance
Amount of insurance that you have accrued on the loan
Estimated net payoff
The total amount that you have left to repay on the loan, as of the current business day. This amount includes the principal balance with any additional amounts such as interest accrued in the current statement period or applicable fees (if any), and deducts either or both of any escrow balance or insurance refund. The system changes this amount on a daily basis.
History
Available credit
Amount that you can draw from the loan
Note:
This option is only available for loans with a draw-down feature.
Maximum credit
Maximum amount that you can withdraw from the loan.
Last advance
The date and dollar amount that the system last advanced you from the loan account. The system displays the last advance date in the DD/MM/YYYY format.
Loan to date advances
Amount of credit that the system adds to the loan over the life of the loan
Date last zero balance
The last date on which the loan registered a zero balance. The system displays the last zero balance date in the MM/DD/YYYY format.
Original note date
Date on which you originally received the funds from the loan.
Maturity
The date on which your financial institution originally scheduled for you to completely pay off the loan. This date may not reflect additional or missed payments.
Collateral
Details of the collateral that your financial institution used to provide you the loan.
Interest
Rate over split
The interest rate that the system applied to the principal amount. If the system uses a split amount, this rate applies to the principal amount that is greater than the split amount.
Rate split
Balance that the loan must reach before the system switches the loan rate from rate-over-split to rate-under-split.
Rate under split
Interest rate that the system applied to the principal that is equal to or less than the split amount.
One day's interest
The daily amount of interest you paid on a specific loan. The system displays the amount in 1/100 of a cent ($.9999). This amount may not reflect the true day-to-day cost of the loan; the value may change when the system includes the accrued interest in the next payment's calculations or applies payments.
Interest paid
Amount of interest paid on the account for the current year.
Next rate change
The new interest rate that the system assigned from the Loan Rate Table when the loan has been exceeded the next rate change date. The accrual begins at the new rate when the loan has reached the next rate change date.
Rate change frequency
Frequency at which the system changes the interest rate associated with the loan.
Escrow
Escrow balance
The system may add escrow to a loan to fulfill a tax or insurance obligation. Additionally, the system automatically analyzes a borrower's escrow balance and updates the payment amounts on a recurring frequency.
Current escrow payment
Escrow amount that has accrued since the last escrow disbursement.
Next escrow analysis
The next date on which the system reconciles the escrow balance. The system displays the next escrow analysis date in the MM/DD/YYYY format.
Last disbursement
Date and amount of the last payment from the escrow account associated with the loan
Escrow interest paid current year
The year and amount of escrow interest paid in the current year. The system displays the year in the YYYY format.
Escrow interest paid previous year
The year and amount of escrow interest paid in the previous year. The system displays the year in the YYYY format.
Taxes paid current year
Total amount of tax that you paid for the loan during the current and previous year.
Taxes paid previous year
Total amount of tax that you paid for the loan during the previous year.
Insurance paid current year
Total amount of insurance that you paid for the loan during the current year.
Insurance paid previous year
Total amount of insurance that you paid for the loan during the previous year.