FAQ: How do you set up an interest only loan?

Unknown
Unknown Member
edited July 2018 in FAQ'S (Windows)
An equity loan with interest payments only. Principal repayment as desired. Defined date for final principle repayment.

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  • Howard Roark
    Howard Roark Member ✭✭✭✭
    edited August 2016
    CTRL+a, then "Add an Account"; or click "Add an Account" at the foot of the Account Bar.

    Choose "Loan", then "manual loan account" (bottom of dialog box).

    Fill out the loan details and allow Quicken to compute the payment amount.

    Click "Next".

    Note the interest amount, then click "Back".

    Change the Quicken computed payment amount to the interest amount you noted in the previous step.

    Click "Next", and complete the loan setup process.
  • Unknown
    Unknown Member
    edited February 2019

    Thanks for the help.

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