Lesson 4 of 6
The loan ledger: schedules, interest, fees and accounting
Once a loan is disbursed, the ledger keeps its account: what is owed, when, and why. It holds the schedule, computes interest and fees, counts the days a payment is late and feeds the lender's accounts. This lesson shows how it works and the rules that shape it.
Published 13 October 2026 · Listen to this lesson
In this lesson
- What the ledger holds
- Two ways to schedule repayment
- Interest: on the money the borrower actually has, for the days it is held
- Fees and the full cost of the loan
- When a payment is late
- From the ledger to the accounts