Knowing your account balance is valuable. It can help you avoid Overdraft Fees and Monthly Maintenance Fees. Outstanding balance is the amount a borrower is obliged to pay on any debt that incurs interest. Simply speaking, it means the amount that is left to be repaid on any loan. Once the loan amount is credited to the borrower’s bank account, the outstanding balance usually increases everyday with accrued interest, until the due date. On the due date, if the borrower clears the monthly installment, the outstanding loan balance falls by the precise sum.