Track money you lent to friends, and money you borrowed.
Log who you lent to or borrowed from, how much, and when. Record repayments as they come in and see what is still open. Loans are private to you and free on every plan.
Four steps from a handshake to a record.
Open Loans
Use the Loans shortcut on Home. If it is not in your dock, tap More.
Tap Add loan
Choose I lent or I borrowed. Then enter who, the amount, the currency and the date. You can add a note about what it was for.
Tap Save loan
The loan appears under They owe me or I owe, depending on the direction you chose.
Log repayments
When money comes back, open the loan and tap Log a repayment. Mark as repaid closes it, and Reopen brings it back if you need to.
What is still open, in each currency.
The Loans screen has two sections. They owe me lists what people owe you. I owe lists what you owe other people. Each section shows its total at the top.
Partial repayments are fine. Each loan shows its original amount, what has been repaid so far and what remains. If someone pays back more than they owed, the loan shows how much it was overpaid by.
Totals are kept per currency. A loan in dollars and a loan in euros appear as two lines, and Folko does not add them together.
A private record, outside every cashbook.
Loans are not Transactions in a cashbook, and they do not use Members or Balances. They are a reminder for you alone. The screen says so: only you can see it.
Use a shared cashbook when you want to split costs with other people. Use Loans when you only need to remember who owes whom.
Deleting a loan moves it, with its repayments, to Recently deleted. You can restore it there for 30 days.
By voice, and in your net worth.
Tap the mic and say “I lent Ali 50”. Folko recognises that it is a loan and opens Add loan, filled in, for you to check and save. Free has 3 voice entries a month. Plus and Max have no limit. See voice entry.
Loans count in your net worth, which also includes your cashbooks and Bitcoin. Money lent adds to it and money borrowed subtracts from it. Net worth is included with Max. See net worth.
Loans, answered.
Do loans cost anything?
No. Loans are free on every plan.
Can the other person see a loan I log?
No. A loan is private to you. It sits outside every cashbook, so no member of a cashbook sees it.
Can I log a loan with my voice?
Yes. Say something like “I lent Ali 50” to the mic and Folko opens the loan form already filled in. Free has 3 voice entries a month, Plus and Max have no limit.
What if I delete a loan by mistake?
A deleted loan waits in Recently deleted for 30 days, with its repayments. You can restore it there. After 30 days it is removed for good.
Coming to iOS and Android.
Free forever. Send us a note and we’ll write back the day it’s out.
Notify me at launch