Your monthly payment is a combination of principal and interest divided evenly into monthly installments over the term of your loan. For example, if you borrowed $5,000 at 9% interest with a 5-year term, you would owe a total of $6,227.51, including the principal and interest. Divide this by the number of months in the 5-year term (60), and your monthly payments would be $103.79. If you are unsure of what your payment amount is, it is available as part of your account details in your Online or Mobile Banking profile. Your monthly payment will also be on the first page of your signed loan agreement.