Hi i have a personl loan for $5000 at 16% and my payments make up the nterest and principle.Each month my statement shows my loan plus interest is this normal. What i mean is my loan repayment is $7500 with interest for 5 years i have had the loan for about 6 months and it still shows i owe $7000 is this normall surely if was to pay the $5000 loan off thye couldnt charge for 5 years of interst could they, Any help would be great.