A loan with a big final (balloon) payment
- Open the loan and tap Edit details (or Set up loan details).
- Enter the Final (balloon) payment. The monthly payments get smaller and the last one includes it.
- The schedule, reminders and Next month show the final payment when it's due.
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
- Record the money from a loan
- Record loan payments automatically
- Pay extra on a loan or pay it off early
- 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