Private loans and mortgages, tracked like a pro
Whether you lend money or owe it, every balance, installment, and due date lives next to your rentals instead of in a forgotten spreadsheet.
A handshake loan is easy to make and hard to keep straight
You lent a relative $8,000 at 6% over three years, and the terms live in a text thread. Eight months in, they've paid most months but not all, and neither of you can say how much of what they've paid was interest. In Mr. Bienes you enter the principal, rate, frequency and term once. The app lays out the whole schedule: every due date, the interest and principal inside each payment, and what's still owed.
Mortgages have the opposite problem. You know the payment by heart, but it never shows up where you judge the property. Link a mortgage to its property, and each payment you record posts to your budget as a mortgage expense. The biggest cost of owning the place stops being invisible.
Money you're owed and money you owe end up on the same dashboard as your rent: what's outstanding, which installments are late, and where you stand overall.
How loan tracking works
- 1
Add the loan once
Pick money you lent, money you owe, or a mortgage. Enter the principal, the interest rate, how often payments come (weekly through yearly, or a single lump sum), and the term. The payment calculates itself; if your agreement says a different amount, type over it.
- 2
Read the whole schedule
Every installment gets its own row: its due date, the payment, the interest and principal inside it, and the balance after. Agreed on a balloon? Payments stay fixed and the final amount due shows up before anyone signs.
- 3
Catch up on the past
Adding a loan that started months ago? Every past-due installment comes pre-filled on one screen, so confirming what was actually paid takes a few clicks, not an afternoon.
- 4
Record payments as they land
Click the installment, enter what arrived, and it's marked paid. Installments turn late once their grace period passes, with your late fee (flat or a percentage) if the terms have one. Recording the last payment closes the loan by itself.
- 5
Keep the proof with the loan
Attach the signed note or the closing papers to the loan. Any payment can become a receipt you print, save as a PDF, or send from your phone.
The short version
Private lending, day by day
Principal, payments, and remaining balance per loan, with installment-level progress you can read at a glance.
Mortgages tied to properties
Link a mortgage to its property and note the escrow; every payment you record posts to your budget as a mortgage expense on its own.
Due dates that find you
Installments owed to you show up in Reminders before they're due, and on your dashboard the day they run late.
Part of the full picture
Loans show up in your dashboard and reports beside rent and expenses, so the numbers always add up.
Common questions
- Does it calculate the interest, or do I type it in?
- It calculates it. From the principal, rate, frequency and term it works out the payment and splits every installment into interest and principal. You can still override the payment amount.
- Will my mortgage show up in my budget?
- Yes. Each mortgage payment you record posts to the budget as a mortgage expense, marked so it can never count twice. Escrow shows next to the payment but stays out of the interest math.
- Can it remind my borrower when a payment is due?
- Yes, for money owed to you. Upcoming and late installments appear in Reminders with a message already written, and one tap opens it in your own email or texting app to send.
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