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Optional custom payment frequency for loan payment goals

Hi! I’m not sure whether this is already possible and I’ve simply missed the option, but I wanted to suggest it as a possible improvement.

My student loan is paid quarterly: in my case, €390 is withdrawn every three months, while I set aside €130 each month.

I already have this represented in ZeroSum with a monthly payment goal of €130 and a separate recurring loan payment of €390 every three months, so there is a working setup. I just thought it might be useful if the loan payment goal itself could also reflect payment schedules such as every 3, 6, or 12 months, while still calculating a monthly funding amount.

That way, the loan could show both the actual payment cadence and the amount that needs to be set aside each month in one place.

This may also be useful for other loans or obligations that are paid quarterly or semiannually. It also might make the balance forecast for use cases like this a little less wonky.

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Comments1

  • Silver Milkshake

    •

    Aug 22

    I would love this for my auto loan and personal loan at my credit union. both are on a biweekly payment schedule so i can make 26 payments per year instead of 12 per year (even though they are smaller payments it will pay it down faster). Also would be great for tracking interest, my credit union applies interest daily between payments so it would be nice to have the payments track interest the same way