No principal was paid in Westpac's interest-only loan glitch
![Generic pictures of banks in Melbourne CBD today. Westpac. Picture by Wayne Taylor 17th July 2017 Bank](http://web.archive.org./web/20171215110904/http://www.afr.com/content/dam/images/g/x/d/l/l/2/image.related.afrIndexLead.320x210.h05aep.png/1513323506968.jpg)
A glitch in Westpac computer systems meant that home buyers interest-only loans failed to convert to principal and interest, leaving home owners with an unexpected large debt.
A glitch in Westpac computer systems meant that home buyers interest-only loans failed to convert to principal and interest, leaving home owners with an unexpected large debt.
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