You can add an optional Interest rate (%) when you create or edit an agreement.
How it is calculated
The rate is flat on the amount: the interest is added once, not per month. For example, $1,000 at 5% means a total due of $1,050.
The Total due on the form shows the result as you type. Payments count toward this total.
Limits
- The rate must be between 0% and 1000%.
- After both people sign a shared agreement, the rate is locked with the other money terms.
Important: Rules on charging interest on personal loans differ by place. IOUEZ only does the math; it is not legal or financial advice. If you are unsure, ask a qualified professional.