Do payments go towards principal?

Last Updated: Aug 15, 2018 10:18PM PDT

Your MogoMoney payment breakdown differs by loan product, province and the repayment options you have selected. Log in to your MogoAccount or see the most recent Snapshot you were emailed.

MogoMini - The minimum payment includes interest and optional fees and services. You must make additional payments towards your principal balance in order to reduce the principal balance.

MogoLiquid - Minimum payments include principal, interest and optional fees and services — to see the detailed makeup of your payment, refer to your payment schedule in your loan agreement.

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