This guide explains how loans work in FinyxFin, including setup, repayments, due dates, balances, and review workflows.
📱 Overview
Track mortgages, car loans, student loans, personal loans, and any other debt. FinyxFin calculates your payment breakdown (principal vs. interest), estimates your total payoff cost, tracks every payment you record, and alerts you before due dates.
ℹ️ Important
FinyxFin is a personal finance organization tool designed to help you track
and understand your finances. Calculations, imported data, summaries,
projections, and classifications should be reviewed before relying on them
for financial, tax, accounting, or legal purposes.
📉
Payoff Progress
Visual progress as your balance decreases
🧮
Amortization
Auto-calculates EMI, total interest, and total payable
💰
Record Payment
Log payments directly from the loan row
📊
Principal vs. Interest
See the split on every payment you make
🔔
Reminders
Get notified before each payment is due
⚖️
Balance Adjustment
Correct balances for refinancing or corrections
📋 Loan Types
FinyxFin supports the following loan categories:
Type
Examples
Personal Loan
Bank loans, peer-to-peer loans
Home Loan
Mortgage, property loan
Auto Loan
Car loan, motorcycle loan
Student Loan
Federal loans, private education loans
Business Loan
Small business, commercial loans
Credit Card
High-interest revolving credit debt
Other
Medical debt, family loans, any other debt
➕ Creating a Loan
When adding a loan, choose whether this is a new loan you're just starting or an existing loan you've already been paying down.
You're starting fresh — full principal, nothing paid yet. FinyxFin will track all payments from day one.
📋 Existing Loan
You've already made payments. Enter either your current remaining balance or amount paid so far — FinyxFin calculates the rest.
Loan Fields
Field
Required
Notes
Loan Name
Yes
e.g., "Honda Civic Loan", "Mortgage"
Loan Type
Yes
Personal, Home, Auto, Student, Business, Credit Card, Other
Principal Amount
Yes
The original amount borrowed. Cannot be changed after creation.
Interest Rate (APR)
Yes
Annual percentage rate. Enter 0 if interest-free.
Monthly Payment
Yes
Your regular payment amount. Use the "Use EMI" button to auto-fill from the estimation.
Start Date
Yes
When the loan began
End Date
Yes
Expected payoff date (used to calculate the loan term)
Due Day
Yes
Day of the month when payment is due (1–31)
Lender
No
Name of the bank or lender
Reminders
No
Enable to receive alerts before each due date
Reminder Days Before
Conditional
How many days before due date to notify (1–14 days). Shown when reminders are enabled.
Notes
No
Any additional details about the loan
⚠️ Principal Is Locked After Creation
The original principal amount cannot be changed after you save the loan. To correct a mistake, delete the loan and create it again. For refinancing or balance corrections, use the Adjust Balance feature.
🧮 Amortization Estimation
When you fill in the principal, interest rate, start date, and end date, FinyxFin automatically calculates and displays:
Suggested EMI — The equal monthly installment that fully pays off the loan over the term
Total Interest — How much interest you'll pay over the life of the loan
Total Payable — Principal plus total interest
Tap Use EMI to automatically fill the Monthly Payment field with the calculated amount.
ℹ️ Estimation Only
The estimation assumes a standard fixed-rate amortized loan with equal monthly payments. Actual amounts may differ depending on your lender's compounding method, fees, or rate changes. Always refer to your loan statement for the authoritative figures.
💰 Recording a Payment
The quickest way to record a loan payment is directly from the Loans screen — no need to go to Transactions first.
How to Access Record Payment
🖥️ Mac
Right-click on any loan row and select Record Payment from the context menu.
📱 iPhone & iPad
Swipe left on the loan row and tap Record Payment.
You can also open the loan detail and tap the Record Payment button at the top of the screen on any platform.
Payment Form Fields
Field
Notes
Payment Amount
Pre-filled with the loan's monthly payment. Change to pay a different amount.
Date
Defaults to today. Change to backdate a payment.
Account
Which account the payment comes from. Shows available balance.
Category
Defaults to Loan. Can be changed to any custom or standard category.
Notes
Optional note for this payment
Principal vs. Interest Breakdown
As you type the payment amount, FinyxFin calculates and displays in real time:
Monthly Interest — Interest accrued this period based on remaining balance × APR ÷ 12
Principal Paid — Payment amount minus interest = what reduces your balance
Interest Paid — The interest portion of this payment
✅ Balance Updates Immediately
Recording a payment creates a transfer from your selected account to the loan and updates the remaining balance, payoff progress, and next due date automatically.
💪 Extra & Overpayments
You can pay any amount — there's no cap on what you can record. When you pay more than the scheduled monthly payment, the excess goes directly to reducing principal.
In the payment form, if the amount you enter exceeds the monthly payment, FinyxFin shows you exactly how much more is going to principal on that payment vs. a standard payment.
📊 Paid Beyond Principal
The loan detail view tracks a "Paid Beyond Principal" figure — the amount you've paid above and beyond the original loan amount (i.e., total interest paid so far). This appears in the Financial Summary once you start making payments.
📊 The Loans Dashboard
The top of the Loans screen shows a summary across all your loans:
Total Remaining — Combined outstanding balance across all active loans
Highest EMI Loan — The loan with your largest monthly payment
Due Soon — Number of loans with a payment due in the next 30 days
Next Payment — The date of your nearest upcoming payment
Active / Completed / Overdue — Quick count of your loans by status
Each Loan Row Shows
Loan type icon and name
Remaining balance (red if active, green if paid off)
Percentage paid off
Progress bar
Monthly payment amount and end date
APR
Status badge (Paid Off / Archived / Closed) where applicable
🔍 Loan Detail View
Tap any loan to open its detail screen.
Progress & Status
A large circular progress indicator shows the percentage paid off, with your outstanding balance displayed below it.
Financial Summary
Field
What It Shows
Principal
Original amount borrowed
Total Paid
Sum of all payments recorded to date
Balance
Principal minus total paid
Paid Beyond Principal
Interest paid so far (shown when total paid exceeds principal)
Estimated Projection
If your loan has an interest rate set, FinyxFin shows an estimated projection section with the loan term in months, estimated total interest over the full life of the loan, and estimated total payable.
Loan Details
Lender name, start date, end date, due day, and reminder status.
Transaction History
A collapsible section listing every payment recorded against this loan, including date, amount, and the account used.
Adjust Balance — Correct the remaining balance (see below)
Edit Reminder — Update reminder settings
Archive / Unarchive — Hide or restore the loan
Delete — Permanently remove the loan
⚖️ Adjusting the Loan Balance
If your tracked balance doesn't match your actual loan statement — due to a correction, refinancing, external payment, or debt forgiveness — use Adjust Balance from the loan detail's ⋯ menu.
Adjustment Types
Type
When to Use
Manual Adjustment
General correction to align with your statement
Refinancing
Loan was refinanced at new terms
External Payment
A payment was made outside of FinyxFin
Debt Forgiveness
Part or all of the loan was forgiven
Opening Balance Correction
Fix an error in the original balance entered
Every adjustment requires a reason and creates an adjustment transaction in the loan's history for a complete audit trail.
ℹ️ Principal Cannot Be Changed
Adjust Balance changes the tracked remaining balance, not the original principal. The principal is permanently set at creation. Use Opening Balance Correction if you entered the wrong principal.
🔔 Payment Reminders
Enable reminders when creating or editing a loan to receive a notification before each payment is due.
Reminder Settings
Enable/Disable — Toggle reminders on or off for a specific loan
Days Before Due — Choose 1 to 14 days in advance (default: 3 days)
After each payment is recorded, the next reminder is automatically scheduled for the following billing period.
Apple Reminders Sync
If you have Apple Reminders sync enabled in FinyxFin Settings, loan reminders will also appear in your Apple Reminders app — accessible from your Apple Watch, Siri, and the Reminders widget.
ℹ️ Overdue & Due Soon Indicators
Loans show as Overdue when the billing period's due date has passed and the current period hasn't been paid. Due Soon means a payment is coming up within the next 30 days. These are shown in the dashboard summary and on individual loan rows.
🔍 Filtering & Sorting
Filter by Status
Filter
Shows
All
All active and paid-off loans (excludes archived)
In Progress
Active loans not yet paid off
Completed
Paid-off loans
Archived
Archived loans only
Sort Options
Remaining Balance (default) — Largest balance first
Name — Alphabetical
Monthly Payment — Highest payment first
End Date — Nearest payoff date first
Each sort can be toggled between ascending and descending. You can also search loans by lender name or notes.
⚙️ Managing Loans
Editing a Loan
To edit a loan:
On Mac: Right-click the loan row → Edit, or use the ⋯ menu in the detail view
On iPhone & iPad: Swipe left on the loan row → Edit, or use the ⋯ menu in the detail view
You can edit: name, loan type, interest rate, monthly payment, start/end dates, due day, lender, reminders, and notes.
⚠️ Principal Cannot Be Edited
The original principal amount is locked after creation. To fix a wrong principal, delete the loan and recreate it, or use Adjust Balance → Opening Balance Correction.
Archiving a Loan
Archive a loan to hide it from the main list without deleting it:
On Mac: Right-click the loan row → Archive
On iPhone & iPad: Swipe left → Archive
Or use the ⋯ menu in the detail view
Archived loans appear under the Archived filter. Recording payments and editing are disabled while archived. Unarchive at any time to restore full access.
Deleting a Loan
To permanently delete a loan:
On Mac: Right-click the loan row → Delete
On iPhone & iPad: Swipe left → Delete
Or use the ⋯ menu in the detail view
⚠️ Deletion Is Permanent
Deleting a loan cannot be undone. Transactions linked to the loan are not deleted — they remain in your transaction history — but they are no longer associated with a loan.
❓ Frequently Asked Questions
Q: Does FinyxFin calculate interest automatically?
Yes. When you record a payment, FinyxFin calculates the interest portion based on your remaining balance and APR (remaining balance × APR ÷ 12). The principal portion is whatever is left after interest. This is displayed in real time as you enter the payment amount. The app also estimates total interest and total payable at loan creation using standard amortization formulas.
Q: I already have a loan I've been paying — how do I add it?
When creating the loan, select Existing Loan. You can enter either your current remaining balance (from your latest statement) or the amount you've already paid. FinyxFin will calculate the other value for you and set up the loan with the correct starting point.
Q: My remaining balance doesn't match my bank statement. How do I fix it?
Use Adjust Balance from the loan detail's ⋯ menu. Choose the appropriate adjustment type (Manual Adjustment, External Payment, etc.), enter the new remaining balance, and provide a reason. This creates an adjustment record in the loan's history.
Q: Can I change the principal amount after creation?
No. The original principal is permanently locked after creation to preserve the integrity of your payoff progress. If you entered the wrong amount, delete the loan and recreate it, or use Adjust Balance → Opening Balance Correction to align the remaining balance.
Q: How do I handle a refinanced loan?
Use Adjust Balance → Refinancing on the existing loan to set the new remaining balance. Then edit the loan to update the interest rate, monthly payment, and end date to match the new terms. Alternatively, archive the old loan and create a new one with the refinanced terms.
Q: What does "Paid Beyond Principal" mean?
This is the total interest you've paid so far — the amount your total payments exceed the original principal. It appears in the Financial Summary section of the loan detail view once your total payments have covered the principal.
Q: Can I make an extra payment to pay off the loan faster?
Yes. When recording a payment, simply enter an amount larger than the monthly payment. The excess reduces principal directly. There is no limit on how much you can pay at once.
Q: Are loans included in net worth?
Yes. Loan balances are counted as debt and reduce your net worth. As you pay them down, your net worth increases accordingly.
Q: What if I delete a payment I recorded?
The loan's total paid decreases by that payment amount, the remaining balance increases, and the payment is removed from the loan's transaction history.
Q: Can I track interest-free loans?
Yes. Enter 0 as the interest rate. The amortization estimation will be skipped, and every payment will go entirely to principal.