Loan

Managing loans or mortgages

Create a loan or mortgage To add one you need to create a recurring expense from the Finance section or import a schedule payment file. Change or stop a loan To change the monthly loan payment, find and modify the last payment. This change will be effect for all future payments, but does not apply retrospectively. Payments that have been already generated must be manually modified one by one if you need to change them. To stop a loan, find and modify the last payment, click on the actions on the right, Stop. This action is available only on the Lue lisää →

How to modify a recurrent payment

If you need to modify a recurrent payment, identify the last payment generated in Finance, edit it and Save. This change will apply to all future payments, however all the past payment already generated will have to be edit manually one by one.

Loans and Mortgages Interests

Automatic deduction Interests on Mortgages are automatically deducted in the Balance section. Manual deduction You can also deduct the interests manually. To do so, add them as a New expense in Finances. This way they will appear in the Balance section.

Loans & Mortgages

In this section you will find the schedule payments for your loans and mortgages. To add a loan you will have to create a recurrent expense first. AFTER you’ve created the expense Rentila will generate all the entries. These will have the following details – Monthly amount – Interest – Insurance – Reimbursed capital – Residual capital to be repaid