# Split a Payment

### Introduction

When logging a payment, you may elect to split the payment between related loans. The related loans must be properly linked to enable payment splitting. If you're not familiar with how account linking works, our Account Linking article would be a good place to start.

This article is about split a payment between two or more linked accounts. If you mean 'split payment' in the sense of a customer dividing the payment on a single purchase, (e.g. making four payments of $25 rather than$100 up front,) see our article on Buy Now, Pay Later (Split Payments) payment models.

### How to

If your loan is linked to allow split payments, an additional tab will appear in the wizard to log a payment. Here you can specify how much of the payment should apply to this loan and how much should apply to the loan(s) it is linked to/are linked to it.

On the Split payments tab, you'll see a list of loans, including the loan you're logging the payment on and all the loans linked to it. You can enter any amount to go towards each loan, and a running tally will display beneath.

You can also choose how the convenience fee should be charged for each loan. The 'base loan' refers to the loan you're currently logging a payment on.

The convenience fee options include five choices.

 Convenience Fee Option Example Charge the convenience fee on the base loan (this loan) ONLY. This will charge the convenience fee that was entered in the “Payment Profile Information” section to the current loan only. Your base loan will have a fee, and the linked loans will have no fee. Charge the convenience fee from the base loan (this loan) on each loan across which the payment is split. This will charge the convenience fee that was entered in the “Payment Profile Information” section on each loan that the split payment applies to. This will result in every loan having the same fee. Pull and charge the default convenience fee from EACH loan across which the payment is split. This option will pull the default convenience fee amount from each loan that the split payment applies to and charge that amount on each respective loan. This may result in each loan being charged a different convenience fee. Waive the convenience fee on the base loan (this loan) ONLY. The base loan won't have a convenience fee, but the other loans the payment is linked to will be charged their default convenience fee. Waive the convenience fee from the base loan (this loan) and EACH loan across which the payment is split. No convenience fees are logged on any of the linked loans for this payment.

Once you have entered the amounts as they should apply to each loan (don’t enter anything if the whole payment will apply to the current loan only), click 'Next' again. This will take you to the Preview & Confirm screen.

This screen will show you how the payment will apply.

If the payment application is what you expect, click Process Payment to finish logging the payment. Otherwise, go back to the Payment Application screen and modify the payment.