Yes, you are able to set up two 'Active' recurring payment models per loan at any given time.
To do this, you will select the Repeat box next to the payment date when a payment is being scheduled.
Make the appropriate selections for your loan and select Save
**Selecting the option "Until I Cancel" will continue the series even after the loan is paid off by other means. We recommend cancelling any series you have set up and make one-time payments to avoid any unintended payments.