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

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.