Tracking Policy Loans

• On the policy's Loans tab, How you repay has two choices, and a policy uses one at a time:
  • A plan for each loan: each loan has its own plan, set in the Policy Loan Repayment Planner
  • One amount for all loans: one monthly amount for the policy, set in the Policy Loan Repayment Planner on the loans' total balance. Its box shows the amount (Planned), when the loan total is paid off (Projected), and a switch for Oldest loan first (all of it to the oldest loan until it is paid off, then the next) or Split evenly (an equal share to each loan). Saving it replaces the loans' own plans, and the dialog names them first. Going back to a plan for each loan asks first, then stops the amount and its reminder
• Each plan with a monthly amount reminds you to log it on the 1st of each month. The reminder's switch is in the loan's row (or beside the one amount); turning it off leaves the plan as it is. A reminder puts the payment in Activity for you to confirm; it never moves money
• The monthly repayment total counts every plan, whether or not Auto Log records it
• When a loan with its own plan is paid off, its monthly amount moves to the oldest open loan's own plan and reminder (or into the one amount, on a policy that pays one), so the policy's monthly total stays the same. With no other open loan, any balance left (a starting balance) takes it as the policy's one amount; with nothing left owed, the plan ends
• Every paid-off loan, plan or not, is celebrated once with a full-screen moment: what was repaid, how long it took, the month it was paid off, and where its monthly amount went. It waits until the payment that paid it off is confirmed, then opens on Home right away, or on the next Home, Loans page or policy Loans tab you open
• The repayment plan section lists open loans newest first, with Show all after six. Details opens a loan’s entries and plan tools. Paid-off loans fold into one Paid off row at the bottom; open it to see them, newest first
• A loan with its own plan has Schedule: month, payment, interest, principal and balance, with logged months first and the months ahead labelled Projected. The policy's one amount has one under it. The schedule uses the Policy Loan Repayment Planner's math, so the two show the same numbers
• Repayment found (Cash Flow households): when a payment from a connected bank account matches a loan's plan, the policy's Loans tab asks "the Car repayment?". Log it records the repayment on that loan and remembers the payee, so later payments match on payee. A different amount asks what the difference was: Extra on the loan logs it all, Fee logs the plan amount, Change the plan logs it and sets the plan to that amount. Not this hides it for good. Nothing moves money
• Pay it off sooner on a loan with its own plan: enter an extra amount a month to see the new payoff month, how many months sooner, and the interest against today's plan; the schedule updates with it. Set saves the new monthly amount to the loan's plan, and its auto-log follows

Interest

• Interest owed (Computed) is a simple-interest estimate for the period shown, starting at the policy anniversary: loan balance × loan rate × days ÷ 365. A loan taken since the anniversary counts from the day it was taken, and interest your repayments paid since then comes off. Under it, a Projected figure estimates the amount added at the next anniversary if the balance stays the same; a carrier statement records the actual charge. It isn't shown for interest billed in advance, which is already on the loan; on the Loans page, the total says how many policies it leaves out and why, and each one's row in the policy table shows the reason or its fix (Add rate or Add date)
• Interest charged adds up the interest entries recorded on the loan, from statements or entered by you. It is hidden when none are recorded
• Interest owed shows on the Loans page for each policy and for the household; both figures show on the policy's Loans tab

Reconcile with the Carrier

With automatic snapshot reconciliation enabled, the latest applicable snapshot anchors the Loan Balance on its date. Later recorded activity changes the current balance. Unexplained differences appear as Statement adjustment or Starting balance, not recorded loans or interest charges. Earlier real activity replaces neutral statement differences without counting twice. A saved statement is separate from a verified balance; unresolved reconciliation remains visible.

Where automatic snapshot reconciliation is disabled, the existing balance-first flow can classify material increases beyond expected interest as one canonical snapshot-backed draw and nominal increases as capitalized interest. When unrecorded activity is detected, the follow-up records what happened and can assign repayment principal to draws without moving the balance twice. Historical draw reconstruction records original and current-remaining amounts without changing that latest statement balance. Use Loan repayment settings in the Loans page ⋯ menu to choose First in, first out (FIFO) or Equal reduction as the household default; exact and plan-directed choices take precedence.

Policy Stack is a tracking and visualization tool. It does not provide financial advice, recommendations, or opinions on what you should do with your banking system.

Policy Stack is independent of and is not affiliated with, sponsored by, or endorsed by Infinite Banking Concepts, LLC or the Nelson Nash Institute.