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.

  1. You can give the loan a description and key in the loan amount. Click on "..." to configure the loan details.
  2. Edit the loan interest rate.
  3. Edit the Loan Period. The repayment amount will be auto calculated.
  4. You can toggle off "Use CPF OA" if this loan repayment is not using CPF OA.

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