Your first loan and repayment
Follow a sample borrower from a ₹1 lakh loan through a ₹2,000 repayment, then check the balance and borrower ledger.
Narrated walkthrough of the FolioPact demo with English captions and fictional records.
Step-by-step guide
Step 1 of 6
Start in Borrowers
Open the demo, choose Borrowers, and look for an existing borrower.
Use fictional details. The demo clears your entries when you refresh.
Full transcript & chapters
Everything shown in the video is described here. Select a chapter to jump in the player.
Open the demo, choose Borrowers, and look for an existing borrower.
Add Sample Borrower. In Loans, choose New loan and select the borrower.
Enter ₹1,00,000 lent on 1 September, at 12% annually using Actual days / 365.
Review and save the loan. Open Payments received and enter ₹2,000 received on 1 October.
Apply ₹986.30 to interest and ₹1,013.70 to principal. Review and confirm the payment.
Check ₹98,986.30 remaining principal. Compare the borrower ledger with Excel using the same cutoff date.