How do I delete an interest rate for a loan?

Loan accounts with adjustable interest rates allow you to track changes over time. If a rate was entered by mistake—or if your loan terms changed and the old rate is no longer valid—you may want to remove that entry from the history. Deleting an interest rate does not change any transactions you've already recorded, but it does affect how future projections and charts are calculated.

Common reasons to delete an interest rate:

• You accidentally entered a duplicate or incorrect rate during loan setup.

• The loan was refinanced and the rate history is no longer relevant.

• You’re troubleshooting inconsistent loan payoff projections and want to start fresh.

To delete an interest rate

1. Open the loan account you want to update.

2. In the Loan Details view, click the edit link next to Interest Rate.

3. In the Loan Interest Rate window, expand Adjustable-rate Loans.

4. Select the rate you want to delete.

5. Click Delete, then click OK to confirm.

Notes

Deleting an interest rate does not change previously recorded payments or transactions in the account register. It only removes that rate from the loan's interest rate history, which may impact future projections or estimates.