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You need to manually edit the splits of the transaction you scheduled for the loan repayment. Enter the new principal and interest amounts and save the transaction.
Note: The updated principal and interest amounts will be applied from the next schedule.
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transferred my loan to another lender. Can I change the loan payee? How will it impact my loan history?
Yes. You can change the loan payee by editing your transaction. However, we do not recommend that you change the payee, as the new payee name will be applied to all the past transaction records as well. This might lead to incorrect loan repayment history.
In case you transfer your loan to another lender, you can add a new scheduled transaction with the same split categories and the new payee name. This will help you easily track your loan history.
Whenever you want to review details of this loan, you can search for the transactions by category.
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