Division 7a

Organise Division 7a (Div7a) Loan Agreements & Repayment Schedules Online With Credi

  • Track Division 7a Repayments
  • Takes minutes to setup
  • Create Schedule Only Or With Agreement
Credi Division 7a
Questions? Email support@credi.com
  • Currently only available in Australia
  • Free with Credi Partner
  • Create in under 15 minutes

Overview 

Loan administration means to:

  • Track loan repayment transactions for the duration of the loan
  • Automatically calculate the minimum annual repayment amount
  • Apply the annual reference interest rate changes
  • Send repayment reminders and alerts.

Key Features

Common Use Cases

The loan agreement covers the situation in which a company makes a loan:

#1 – To a shareholder or shareholders of that company; or

#2 -To an associate of a shareholder of that company

#3 -Requires a documented and esigned agreement between both parties.

  • Currently only available in Australia
  • Free with Credi Partner
  • Create in under 15 minutes

Key Features

Create

Online Loan Builder

Track

Loan Repayment Schedule

Client & Entity Management

Loan administration means to:

  • Track loan repayment transactions for the duration of the loan
  • Automatically calculate the minimum annual repayment amount
  • Apply the annual reference interest rate changes
  • Send repayment reminders and alerts.

The loan agreement covers the situation in which a company makes a loan:

#1 – To a shareholder or shareholders of that company; or

#2 -To an associate of a shareholder of that company

#3 -Requires a documented and esigned agreement between both parties.

To create this loan agreement, you will need the following information ready:

LENDER

LOAN

REPAYMENT

BORROWER

NAME

TITLE

FIRST REPAYMENT DATE

NAME

EMAIL

AMOUNT

FREQUENCY

EMAIL

ENTITY*

START DATE

BALLOON

ENTITY*

ABN / ACN*

INTEREST RATE

LATE PAYMENT FEE

ABN / ACN*

*optional fields

Did You Know?

  • If you don’t have an allowance for Div7a loan agreements in your company constitution you need to have an agreement in place
  • The Australian Tax Office requires every Div7a loan to reflect the benchmark interest rate.
  • Managing div7a agreements and repayment schedules can be costly and time consuming to manage

There Is A Solution!

By managing your Div7a loan agreement with Credi, you will:
• Have a loan agreement generated to support compliance with the ATO

• Have a full repayment schedule generated that reflects the benchmark interest rate and calculates the loan balance annually, for past and future years
• Have easy online access to update loan repayments and the loan balance each year as part of your tax obligations

Download Fact Sheet

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