Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Principal Balance Principal Balance November 9, 2021 The outstanding balance of principal on a loan. Principal does not include interest or fees.You Might Also Like: Everyday MoneyBank Holidays: Understanding Their Impact on Deposits and Transactions Living QuartersMortgage Lending for Veterans at Bank Five Nine All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work? Living QuartersUnderstanding Mortgage Interest Rates