The Interest Accrual Calculator shows how much interest accrued on a loan between two dates. This is a read-only tool — it does not modify the loan. Use it when a borrower asks about interest charges, when you need to verify interest amounts, or when you want to copy the calculation into a communication to the borrower.
Availability: All clients Required permissions: loan.interest:read Loan status: active Loan types: All
- From the agent-view Borrower Portal, open the loan and select Loan options > Interest accrual calculator.
- For Line of Credit loans with draws, select the scope from the Applicable to dropdown: the full loan (all draws in aggregate) or a specific draw. This field only appears when the loan has draws.
- Select the Start date: choose Start of loan to calculate from the beginning, or select a specific date.
- Select the End date for the calculation. The default is today.
- Select Calculate interest.
The result displays the total interest accrued between the two dates. The calculation is inclusive — interest accrued on both the start date and end date is included. To calculate a single day's interest, set the start and end date to the same value.
After viewing the result, you can select Copy to copy the text for use in a borrower communication, Back to return to the date selection, or Reset to clear the form.
| Field | Description | Required | Values / Format |
|---|---|---|---|
| Applicable to | Whether to calculate interest for the full loan or a specific draw. Only shown for LOC loans with draws. | Conditional | Select: Line of credit and draws, or a specific draw |
| Start date | The beginning of the calculation period. | No | Radio: Start of loan, or a specific date (date picker) |
| End date | The end of the calculation period. Must be after the start date. | Yes | Date (default: today) |