Moneylender Professional - Loan Servicing Software

The Interest Rate Record

If the interest rate on your loan changes, record this change by creating an Interest Rate (or simply Rate) record.

Set Interest Rate Dialog To record a change in the interest rate, select the loan in the list of loans. Then either:
  • Click Rates > Change Rate from the Loan menu
  • Click the New Rate (New Rate) button on the toolbar, OR
  • Right-click the loan and select Change Interest Rate from the pop-up menu.
Enter the interest rate as a percentage, such as 14.999, not a decimal multiple, such as .14999.

Select the date when the new interest rate applies to the loan.

To view, edit, or delete the rate records that apply to a specific loan, click Rates > Manage Rates from the Loan menu. This opens the Manage Rates dialog, displaying the interest rate changes made to the loan. To edit or delete a rate record, select it in the list and then click the corresponding button.

Manage Rates dialog

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