What is the Loan toggle for?
If your asset (e.g. house) has a secured loan, you can toggle the "Loan" toggle to connect a loan to this asset. A related loan for this asset will then appear under the Liabilities section for you to edit the loan details.
- You can give the loan a description and key in the loan amount. Click on "..." to configure the loan details.
- Edit the loan interest rate.
- Edit the Loan Period. The repayment amount will be auto calculated.
- You can toggle off "Use CPF OA" if this loan repayment is not using CPF OA.