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.
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.
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.
It will be great if simple interest percent option is also added to the app.
Bhavesh Agrawal commented
Any update ??
Avinash Pandey commented
Manoj Padavala commented
No update since 2012
Praveen Kumar commented
Any Update on this??
Ian Blizzard commented
Has there been any update on this request since 2012?
This would be a very useful feature for managing personal loans between friends/family.
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
This would be wonderful ;)
Maxime Duval S commented
Splitwise’s position on this seem not to have been updated for about a year.
Any plan on implementing this feature in the near future?