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Personal loan payments can be monthly, weekly, bi-weekly and semi-monthly. Each payment consists of a portion of interest and a portion of principal. The proportion of interest is highest in the first payment, and it is reduced as the principal is repaid.
Interest is calculated daily on the outstanding principal balance and is payable based on your repayment schedule (monthly, weekly, bi-weekly or semi-monthly).
It's easy to view the details of your loan in EasyWeb:
- Log in to EasyWeb using your username Access Card number and EasyWeb password.
- From My Accounts > Accounts, click on your loan name in your account summary.