Why should I pay my loans through
the Loan Manager?
Important: Any payment that you set up from this window applies only
to the specified payment number. The information you change from your standard
payment—payment type, principal amount, interest amount, and so on—is
reset to the standard payment information the next time you set up a payment
for this loan (in other words, for the next payment number). Also, if you have not set up
an opening balance for the loan account, you will not be able to set up a
payment for it.
Go to the Banking menu and click Loan Manager.
From the list of loans, select the loan you're setting up for
What if I don't see the loan I'm looking for?
Click Set Up Payment.
Select a Payment Type.
What's the difference between a regular and an extra
Regular payments are your scheduled payment amounts of principal, interest,
and escrow (if any) per your loan terms. An extra payment is made in addition
to regular payments.
When you set up a payment through the Loan Manager, you can specify how much
of the extra payment is to be applied to the principal, the interest, and/or to
the fees and charges on your loan.
Review the Account Information.
You can change any incorrect information by
editing the liability account for the
Review the Payment Information, and make any adjustments or entries.
If you need assistance with filling in any of the fields, click Help.
Choose a payment method, based on how you pay your vendors.
Choose Write a check if you write checks for your loan as the
payments are due.
Choose Enter a bill if you track your expenses by first entering
bills for them.
What is the difference
between tracking bills and writing a check?