Loan System Overhaul

New

• The entire loan system has been overhauled to a more realistic reducing-balance model. Interest is now calculated each cycle on the money you still owe, making it fairer and more transparent. For more details, see our guide on Loans.,
• Taking out a new loan is now easier with our new loan application dialog. As you adjust the loan amount and term, you'll see a real-time preview of your per-cycle payment (EMI), total interest, and total repayment amount.,
• You can now make early repayments on any active loan. The new repayment dialog shows you a live preview of exactly how much you'll save in interest and how many payments you'll skip. Learn more about the benefits here.,
• The Finance page has been updated with a new My Loans tab, providing a clearer overview of your active loans. Each loan now features a progress bar, detailed repayment status, and a direct link to make early repayments.