Track your loans.
Keep your borrowers informed.

OwnerTrack.Loan is a simple, affordable SaaS platform designed to help lenders track loan payments, generate statements, and provide borrowers with secure access to their loan details.

Setting up your account is quick and easy. Just sign up, enter your loan details, and you can start tracking payments and sharing statements within minutes.

OwnerTrack doesn't process payments directly — instead, it lets lenders share their personal payment links or details for Venmo, Cash App, and Zelle with borrowers. This keeps payments fast and familiar, while OwnerTrack handles the tracking and record-keeping.

Yes, borrowers get secure, 24/7 access to their loan payment history and statements through the borrower portal, keeping them informed at all times.

OwnerTrack is built on Bubble.io, which provides industry-standard security practices, including encrypted connections (SSL/HTTPS) and secure data storage. Your loan information and borrower details are protected in line with Bubble.io's platform security standards.

We use the Actual/365 method for calculation of interest, not the Banker’s Year.

This system calculates interest using the Actual/365 method by default.

There are two common day-count methods:

Actual/365 (what we use):

Interest is based on the actual number of days between payments, using a 365-day year.

Banker’s Year (Actual/360) (not used in this explanation):

Interest is based on the actual number of days between payments, but uses a 360-day year.

Why it matters: a 360-day year makes the daily interest rate slightly higher than a 365-day year (because you’re dividing by a smaller number). So, for the same balance, rate, and dates, Banker’s Year typically produces a little more interest than Actual/365.

Actual/365 is a way to calculate loan interest based on:

• the actual number of days between two payment dates, and
• a 365-day year (always 365, even in leap years).

In plain English: interest depends on how many days have passed since the last payment.

We count the calendar days between:

• your prior payment date, and
• your current payment date

Example:

If your last payment date was Jan 1 and your payment date is Feb 1, that’s 31 days.

First, we find the daily interest amount:

Interest per day = Loan balance × (Annual interest rate ÷ 100) ÷ 365

Example:

Balance = $100,000

Rate = 6.00%

Interest per day = 100,000 × 0.06 ÷ 365 = $16.44 per day (rounded)

Then we multiply the daily interest by the number of days since the last payment:

Interest for the period = Interest per day × Number of days

Example (31 days):

$16.44 × 31 ≈ $509.59 (rounded)

That $509.59 is the interest that must be paid first.

Your payment is applied in a standard order:

1. Interest (the amount accrued since the last payment)
2. Late Fee (the amount of unpaid late fees)
3. Other Charges (the amount of other fees accrued or unpaid)
4. Principal (the rest of your payment reduces the loan balance)

If your payment doesn’t cover all the interest accrued:

• all of your payment goes to interest, and
• the leftover interest becomes unpaid interest and is added to your loan balance

In that case, no principal is paid for that payment.

Once interest is fully paid:

• the remaining amount is applied to principal
• paying more principal reduces your balance faster and lowers future interest (because interest is based on the balance)

No. Under Actual/365, the year is treated as 365 days even in leap years.

However, February may have 29 days, so the “actual days” between payments can be higher, which can slightly increase the interest for that period.

Because months have different numbers of days:

28, 29, 30, or 31 days

More days between payments = more interest.

Fewer days = less interest.