Loan

A bank account with a balance you pay down over time through monthly payments.

There are three ways to setup a loan in Roo.

• Treat it as a bill item. When you pay the loan, swipe the transaction to your bills pouch and it will be recorded as paid in your Bill Tracker.
• Track it as a dedicated custom pouch. Set aside money automatically to pay it off using a pouch on your Income Splitter River plan.
• Setit up in Payback Mode and add it to your Debt Payback Plan. This tool helps you prioritize your debts and pay them off faster.