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Step-By-Step Guide to Creating a New Loan:

  1. From the chosen tenants page, click the "Tracking" tab. 
  2. Click "Create New Loan".
  3. From there, fill in:
    1. Name of the Loan
    2. Select Loan Type (This will determine the default interest rate)
    3. Loan Amount
    4. Start Date
    5. Principal Paid to Date (If any)
    6. Interest Paid to date (If any)
    7. Loan Term (In months)
    8. Interest Rate (Set to default by loan type, however, can be edited)
    9. Monthly Insurance Charge
  4. Click "Save New Loan".
  5. Success! The new loan has been saved.

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