PRACTICAL LOAN GUIDE
How to Make a Loan Payment History Statement
Learn which fields a private-loan payment history should contain, how payments split between interest and principal, and how to print a statement.
What a loan payment history should include
A useful payment history identifies the lender, borrower, loan reference, starting principal, opening date, agreed interest convention, every posted payment date, amount received, principal reduction, interest paid, and resulting principal balance. Statements for private loans may also show interest accrued but not paid.
Calculate the balance after each payment
- Begin with the outstanding principal after origination or the last verified balance.
- Accrue interest for the elapsed days at the contractual annual rate and day-count basis.
- Apply the next payment as required by the agreement, usually interest first and then principal for simple-interest loans.
- Repeat for every dated payment and report the ending principal and any unpaid interest.
Example
A $10,000 private loan at 8% Actual/365 accrues about $67.95 in 31 days. On a $500 payment, $67.95 goes toward interest and $432.05 toward principal, leaving $9,567.95 in principal. Actual contracts may specify different rounding or payment allocations.
Make a printable statement now
Open the free Loan Payment History Statement Generator. For a multi-loan ledger, ongoing payment history and year-end reporting, Private Loan Manager for Windows is available for evaluation.