How do I plan extra loan payments or repay a line of credit?
Where to find it: LOANS → Edit → Modify payments
In LOANS, choose Edit for the loan, then select Modify payments. Enter the payment amount in the loan’s future currency and the period during which it applies, then save. Review the resulting amortization or TIME MACHINE cash flow.
For an amortizing loan, the entered amount replaces the regular payment during that period. Alternatively, clear the amount and enter a percentage increase applied on loan anniversaries. For a line of credit or credit card, the form identifies the amount as payment on top of interest; this lets you schedule principal repayment.
To apply available excess rather than a fixed schedule, place the loan in deposit PRIORITIES. Its modelled prepayment limit can restrict those excess-cash payments. The annual prepayment percentage is based on the original loan principal, not today’s smaller balance.