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Set up a Line of Credit to pay only Interests on borrowings?

* Currently, there is no way to set a payment account on the liabilities page to another liability account. 

A line of credit is a type of financial arrangement offered by banks or financial institutions that allows you to borrow money up to a certain limit. It’s a flexible borrowing option where you can access funds as needed, similar to a credit card but with some differences. 

  1. On the left panel, click on MyFINANCIALS
  2. Click “Add a New Card“
  3. Select “Borrowing” on the dropdown
  4. Select “Investment Loan – Line of Credit (Investment Use)“.
  5. Click on “Create“.
  6. Enter all the other necessary data asked especially those fields with a red asterisk (*) beside them.

👉 Moorr: Your ticket to financial success! Get started on iOS here and Android here.

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Let us know how to keep you in the loop!

 
 

Privacy Policy

This following document sets forth the Privacy Policy for this website. We are bound by the Privacy Act 1988 (Crh), which sets out a number of principles concerning the privacy of individuals using this website.

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Changes to this Privacy Policy

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