Does kolect lend money?

No. The Debt Tracker records an agreement between two people and helps you keep to it.

What repayment options are there?

Fixed instalments (weekly, bi-weekly or monthly), a lump sum by one deadline, or flexible payments with no overdue alerts.

Yes, optionally, as a flat amount or a percentage. Most personal debts are interest-free, so it is off by default.

What happens when a debt is paid off?

It settles automatically and moves to your settled debts, where you can see everything you have cleared.

Track personal loans and see your way to debt-free

Borrowed from a sibling, lent to a friend? The kolect Debt Tracker keeps a clear record of what is owed, builds the repayment plan, and reminds you before each payment, so money stays money and friendships stay friendships.

Q1 2027

Keeping it friendly

✓Three ways to repay
✓Interest only if agreed
✓Reminders before each due
✓A runway to fully paid

kolect

Three ways to repay

Fixed instalments: the same amount every week, two weeks or month until it is paid off, and kolect builds the schedule. Lump sum: the full amount by one deadline. Flexible: pay what you can, when you can, with no overdue alerts.

Interest, only if you agreed it

Most personal debts are interest-free, so interest is off by default. If you agreed on some, add it as a flat amount or a percentage.

Every payment logged

Mark an instalment as paid or log a custom amount. When the balance reaches zero the debt settles itself and moves to your settled list, with the total you have cleared over time.

A runway to debt-free

See how much is paid, what is left, and when you will be done. Your debts also appear on your kolect schedule next to your bills and group payments.

Debt tracking records an agreement between two people. It does not mean kolect lends you money.

How it works.

Add the debt

Who, how much, and when it was borrowed.

Pick a repayment plan

Instalments, lump sum or flexible.

Log payments as they happen

Reminders keep you on track until it settles.

Questions, answered.

Anything else? Write to hello@getkolect.com.

Does kolect lend money?: No. The Debt Tracker records an agreement between two people and helps you keep to it.
What repayment options are there?: Fixed instalments (weekly, bi-weekly or monthly), a lump sum by one deadline, or flexible payments with no overdue alerts.
Can I add interest?: Yes, optionally, as a flat amount or a percentage. Most personal debts are interest-free, so it is off by default.
What happens when a debt is paid off?: It settles automatically and moves to your settled debts, where you can see everything you have cleared.