I suggest you ...

Ability to auto charge interest on a periodical basis

Add the ability to charge interest on the balance of a group on a recurring basis. Even simple interest instead of compounding interest would be OK.

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James Stapleton shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →
under review  ·  AdminSplitwise Support (-, Splitwise) responded  · 

As of September 2016, we don’t currently have any plans to add features for charging interest. We can definitely see how it’d be useful in some circumstances, especially for large debts, but right now we think it would add too much complexity and require us to redesign some significant parts of our user experience.

23 comments

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  • Suchet Rathod commented  ·   ·  Flag as inappropriate

    If suppose person pays me say 3 or 4 months late then I should be able to charge or calculate interest amount on outstanding balance and collect total money from him or her.

  • Swapnil Deotale commented  ·   ·  Flag as inappropriate

    I suggest you guys should add a feature of interest on the pending balances. Maybe similar to how the credit card charges are implemmented. This will promote the habit of settling the pending amounts.

  • Mayur Bajaj commented  ·   ·  Flag as inappropriate

    Some people doesn't pay the money back or are unable to pay, but your money is blocked there, so I believe we could be able to charge the interest on the amount of debt on agreed interest rate

  • Abhishek Shah commented  ·   ·  Flag as inappropriate

    There can be an option to add interest per month if the amount exceeds a value and the dues aren't paid even after a month or so.

  • Prashanth Mateti commented  ·   ·  Flag as inappropriate

    If the amounts paid are above certain value. Lender can go for option of flexible Interest on the amount for the given period, as a mutual agreement.

  • Niksha commented  ·   ·  Flag as inappropriate

    Add time value of money so that the lender gets back his money with interest or asap. The borrowers won't take Splitwise for granted then and keep delaying the payment.

  • Mohit Arora commented  ·   ·  Flag as inappropriate

    Add interests to expenses which are pending for too long time.
    The interests can be specified through app and option of days after which interest should get up added.

  • MANU JAIN commented  ·   ·  Flag as inappropriate

    Create a money lending function and allow user to apply interests on it without affecting that amount borrowed/lend by other transections between the users.

  • Shravan commented  ·   ·  Flag as inappropriate

    Adding this feature would benefit aand also garner a lot of user base outside of the US as lending money for interest from person to person is quite common in the 3rd world nations. I would love to see this feature.

  • Ian Blizzard commented  ·   ·  Flag as inappropriate

    Has there been any update on this request since 2012?
    This would be a very useful feature for managing personal loans between friends/family.

  • hari.k.reddi commented  ·   ·  Flag as inappropriate

    Add interest feature for the money owed by someone because we can use the app to add borrowings of money for other personal reasons. The interest should be added to the sum automatically either daily or monthly or annually as chosen. Thank you

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