How to add your Contingent Liability on Moorr

  1. Head to the Financial Dashboard section on the Moorr app and click to add a Borrowing. Click here to find out how to do that.
  2. Select Contingent Liability on the options provided.
  3. Enter the name of this loan.
  4. Select the owner of this loan.
  5. Enter all the important details of this loan especially the outstanding balance, the purpose, the loan type as well and the provider of the loan.
  6. Enter the interest rate, the repayment amount, the frequency of the repayment, the payment account it’s coming from as well as the ongoing costs applicable.
  7. You may leave a note for this loan if you have to on the bottom of the page. Once you’re done, click save.

 

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