Track a loan and its monthly payments
- Open Accounts and add an account with the type Loan, or open the loan you have.
- On its page, tap Set up loan details: amount borrowed, interest rate and type (reducing balance, flat rate or none), the number of months or the monthly payment, and the first payment date.
- Already paying it? Enter the payments already made; only the rest is scheduled, and I can set the amount owed to match.
- Each month tap Pay: the principal lowers what you owe and the interest is counted as an expense in Interest & fees.
- In the PC Manager, it's under Accounts > Loans.
In the app: Open Accounts
More in People, loans and assets
- Track money you lend or borrow
- Pay someone back (or get paid back) in parts
- Pay back more than you owe
- Write off or forgive a debt
- Add a car (or anything) bought with a loan
- A loan with a big final (balloon) payment
- Record loan payments automatically
- Add a late fee or penalty to a loan
- See your debt, payoff and interest
- Let a car's value drop each year
- Add yearly costs like car insurance and registration
- Record selling or trading in a car