Regular repayments of bank loans with interest

Question asked by Andy Bowes 8 years ago

How do I process a regular loan repayment. I have a bank account called bank loan with the outstanding loan shown as a negative figure. This month for instance the repayment consists of £209.16 capital repayment and £7.77 interest expense making a total repayment of £216.93. This amount is coming out of my current account