Hi all, Just looking for some advice regarding a situation where the bank has mistakenly entered a P&I instead of IO. The paperwork was for IO only and after speaking through the original broker they have advised the bank (Assessor) has entered the details incorrectly and will backdate the loan to the original date. My concern is: Do they go back to the original loan amount and pay us back the principal we paid and being so close EOFY do we get a statement showing ONLY interest being paid and not P&I. This all happened on Thursday, so we have sent another email to the broker addressing the concerns as above. Anyone else been in this situation and how did you remedy it? Cheers.