About managing loans
Quicken Classic for Windows includes tools to help you track and manage loans, such as mortgages, car loans, or other installment debt. These features allow you to monitor your loan balances, track payments, and see how much interest you’re paying over time.
What types of loans can I manage?
You can manage fixed-rate loans with a defined term and regular monthly payments. Quicken does not support adjustable-rate loans, lines of credit, or loans with irregular payment schedules.
Common loan types you can track include:
Mortgages
Auto loans
Personal loans
Student loans
How does Quicken manage loan accounts?
When you set up a loan account in Quicken:
Quicken creates a loan account that tracks your balance over time.
You can choose whether to link the loan to a scheduled payment.
The payment schedule includes both principal and interest, and optionally includes escrow or other recurring charges.
Each payment you record reduces the balance on the loan and tracks interest separately.
Note: If you link the loan to an online account, Quicken will download the balance but not individual payment transactions. For full tracking, it’s best to use a scheduled payment that splits principal and interest.
Can I make changes to the loan?
Once a loan is set up, you can:
View an amortization schedule
Edit the payment amount, interest rate, or other terms if your lender modifies the loan
Record early or extra payments
However, you cannot change a loan’s type (e.g., from fixed-rate to adjustable) or convert it to a line of credit.
Where do I start?
To create a loan, go to the Tools menu and select Add Account. Choose Loan, and follow the on-screen steps to enter your loan details.