Loan accounts in ClearCash are a subtype of financial account. When you add an account with a loan type — mortgage, auto loan, student loan, or similar — you can attach loan-specific details to unlock payment tracking, amortization projections, and student loan organization tools.
Loan details
Open any loan account and tap Edit Loan Details to add or update the following.
Interest rate
Enter the annual interest rate as a percentage (for example, 6.5 for 6.5%). Choose whether the rate is Fixed or Variable.
Payment predictions are only available for fixed-rate loans. Variable-rate loans can still track payment history, but projections require a stable rate to calculate.
Term and schedule
| Field | What to enter |
|---|---|
| Loan term | Total length of the loan in months (e.g. 360 for a 30-year mortgage) |
| Payment amount | Your regular payment amount |
| Payment frequency | How often payments are made: Monthly, Bi-Weekly, Semi-Monthly, Quarterly, or Annually |
| Origination date | The date the loan was funded |
| Maturity date | The scheduled payoff date |
Origination principal
The loan balance when it was first opened. Used alongside the origination date to calculate the amortization schedule.
Payment history
The loan detail screen shows a running log of your payments, including:
- Last payment date and amount
- Year-to-date interest paid
- Year-to-date principal paid
You can add past payments manually to build a complete history, or import them from a CSV file.
Payment predictions
For fixed-rate loans with a known payment amount and term, ClearCash calculates an amortization schedule showing how each payment splits between principal and interest, and when the loan will be paid off.
You can model extra payment scenarios to see how they affect your payoff date:
- Recurring extra payment — an additional amount added to each payment from a start date
- One-time payments — lump-sum extra payments on specific scheduled payment dates
The projection updates in real time as you adjust the scenario so you can compare payoff dates before committing.
Student loan groups
If you have multiple student loans, you can organize them into groups to track them together. A student loan group shows aggregate stats across all loans in the group:
- Total outstanding balance
- Total monthly payment
- Average interest rate
- Number of loans
Creating a group
Go to the Student Loans section and tap New Group. Give the group a name (for example, “Federal Loans” or “Grad School”) and an optional description. Then assign individual student loan accounts to the group from their loan detail screens.
One loan can belong to only one group at a time. You can reassign or remove it from the loan detail screen.
PSLF tracking
If your student loan data comes from a connected institution that reports Public Service Loan Forgiveness enrollment, ClearCash displays your PSLF status on the loan detail screen — including payments made, payments remaining, and estimated forgiveness date.
Linking a loan to a property
You can associate a loan with a physical asset — for example, linking a mortgage to a property or an auto loan to a vehicle. The linked loan appears on the property detail screen alongside the property’s current value.
To link from the loan side, open the loan detail screen and tap Link Property. Select the property from your list.
Frequently Asked Questions
How do loans affect my net worth?
Loan accounts are treated as liabilities and subtract from your net worth. The current outstanding balance is what’s used in the calculation — not the original loan amount.
My loan has a variable rate — can I still use payment predictions?
Payment predictions require a fixed interest rate because the amortization schedule assumes a consistent rate over the loan’s life. For variable-rate loans you can still track payment history and see your current balance, but projections are not available.
What loan types support amortization projections?
Standard amortizing loans — mortgages, auto loans, personal loans, and student loans — support projections when they have a fixed rate and a regular payment amount. Lines of credit, overdraft accounts, and home equity lines do not, since their balances and payments vary.
Can I track a loan from a bank not connected to Plaid?
Yes. Create a manual account with a loan subtype (mortgage, auto loan, student loan, etc.) and add loan details manually. You can enter payments one at a time or import them from a CSV file to build your payment history. See Importing transactions from CSV →
Was this page helpful?