Loan Payments

To handle Loan Payments, go to Move Money >> New Transaction.

Select the account from which you wish to make the payment:

Select the loan account:

• Type of payment :According to the financial institution’s procedures, the payment type is defined:
  • Regular Payment
  • Current Amount Due
  • Other Amount than the regular payment amount
  • Principal only payment
  • Interest only payment
  • Escrow only payment
  • Loan Payoff

Amount: Enter the amount of the payment desired.

When: Choose a date on which the payment will take place/begin:

• Weekly: allows this transfer to take place weekly on the day of the week that you choose, by selecting a day in the drop-down day of week. You will need to pick a day of the week either on (or near) the same day of the week the first payment was scheduled.
• Every Other Week: allows this transfer to take place every other week. You will need to pick a day of the week, either on (or near) the same day of the week the first payment was scheduled.
• Monthly: allows this transfer to take place once a month. You will need to pick the day of the month either on (or near) the day of the month the first payment was scheduled.
• Every Other Month: allows this transfer to take place every other month (or every two months). You will need to pick the day of the month either on (or near) the day of the month the first payment was scheduled.
• Every Three Months: allows this transfer to take place every three months. You will need to pick a day of the month either on (or near) the day of the month the first payment was scheduled.
• Every Six Months: allows this transfer to take place every six months. You will need to pick a day of the month either on (or near) the day of the month the first payment was scheduled.
• Yearly:  allows this transfer to take place once a year (or every 12 months). You will need to pick a month and a day of the month on (or near) the date the first payment was scheduled.

  Note: If desired, enter a description for the payment.

Once all information is entered as required, select Continue.

A review screen of the loan payment scheduled will appear. If all information is correct, select Submit:

Once submitted, a confirmation screen will appear:

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