Principal Balance

Entry: System, numeric, 11 digits

F/M: No

Mnemonic: LNPBAL

Screen: Multiple

Field Group: Common Loan Information

This is the unpaid principal balance of the loan. It can only be entered or changed by teller transactions. Depending on the kind of loan, a transaction may either reduce or increase this balance.

Line of credit loans (payment method 5 for consumer loans, and 9 or 10 for commercial loans) can be opened with a zero principal balance.