How-to: Extend Loan

Created by Erik Åkerlund, Modified on Mon, 20 Feb 2023 at 02:28 PM by Erik Åkerlund

Extend Loan

This article describes how to extend a loan.

Step-by-step guide

1. To extend a loan, click on a field below your original transaction to create a new row.

2. Change deal date, value date and maturity date accordingly (as to your new terms). Enter the Capital increase amount, capital amount and amortisation amount.

3. Enter a new interest period from the original final Maturity date to the new final Maturity date and Save. The periods are  specified in the next step.
Note! Double check the Maturity date of the last interest period (the last before the rollover)

After saving your loan transaction, there will now be one interest payment row for the whole new period (731 days in the example above).

4. Highlight the row and press modify interest.

Change the interest period and press OK.
5. The loan extension is now complete, press save and exit.

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Extend Loan

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