Quicken helps you track loans efficiently—whether you're paying off debt or managing money you've loaned to someone else. From setting up a new loan to adjusting terms or interest rates, the tools are designed to give you a full picture of your balance, equity, and payment progress.
This guide offers quick tips for the most common loan-related tasks, including short instructions to help you get started.
Set up a loan
Track the balance, payments, and interest for a loan.
To do this: Choose Tools > Add Account > Loan, then follow the setup prompts.
Work with a loan
Review balances, interest paid, and remaining terms.
To do this: Open the loan from the Account List and explore the available tabs.
Make a loan payment
Apply a payment to reduce your principal and interest.
To do this: Enter a payment manually in the linked checking account or use a loan reminder.
View your loan schedule
See upcoming payments and how they are split between principal and interest.
To do this: Open the loan account and select the Payment Schedule or similar view.
Change a loan payee
Update the name of the company or person you send payments to.
To do this: Edit the payee in your loan reminder or transaction register.
Change your loan terms
Update the loan amount, length, or payment frequency.
To do this: Open the loan account, click Loan Details, and choose Edit Terms.
Change your loan payment
Adjust your scheduled monthly payment amount.
To do this: Edit the amount in your payment reminder or loan setup.
Change or add a loan reminder
Keep payments on schedule by editing or adding reminders.
To do this: Go to Bills & Income, find the reminder, and choose Edit or Add Reminder.
Change the interest rate for a loan
Record changes for adjustable-rate loans.
To do this: In the Loan Details section, update the interest rate entry.
Delete an interest rate for a loan
Remove an incorrect or outdated interest rate entry.
To do this: In the loan’s rate list, highlight the entry and select Delete.
Hide or close a paid-off or refinanced loan
Keep your records but remove the account from active tracking.
To do this: Open the loan’s Account Details and choose Hide this account or mark it as Closed.
Create a report showing the interest paid on a loan
View total interest paid for budgeting or tax purposes.
To do this: Use a Custom Report filtered by the loan account and appropriate interest category.
Set up a loan for which you are the lender
Track repayments and outstanding balances on personal loans you've issued.
To do this: Choose Tools > Add Account > Other Assets & Loans, then select Loan to others.