diff --git a/app/controllers/loans_controller.rb b/app/controllers/loans_controller.rb
index b9968faf76b..408e62b2954 100644
--- a/app/controllers/loans_controller.rb
+++ b/app/controllers/loans_controller.rb
@@ -2,6 +2,6 @@ class LoansController < ApplicationController
   include AccountableResource
 
   permitted_accountable_attributes(
-    :id, :rate_type, :interest_rate, :term_months
+    :id, :rate_type, :interest_rate, :term_months, :start_date
   )
 end
diff --git a/app/views/loans/_form.html.erb b/app/views/loans/_form.html.erb
index bceee9688ce..4184a731563 100644
--- a/app/views/loans/_form.html.erb
+++ b/app/views/loans/_form.html.erb
@@ -21,6 +21,11 @@
                                  label: t("loans.form.term_months"),
                                  placeholder: t("loans.form.term_months_placeholder") %>
       </div>
+
+      <div class="flex items-center gap-2">
+        <%= loan_form.date_field :start_date,
+                                 label: t("loans.form.start_date") %>
+      </div>
     <% end %>
   </div>
 <% end %>
diff --git a/app/views/loans/_overview.html.erb b/app/views/loans/_overview.html.erb
index db6824fb53c..26a8721efd2 100644
--- a/app/views/loans/_overview.html.erb
+++ b/app/views/loans/_overview.html.erb
@@ -42,6 +42,10 @@
   <%= summary_card title: t(".type") do %>
     <%= account.loan.rate_type&.titleize || t(".unknown") %>
   <% end %>
+
+  <%= summary_card title: t(".start_date") do %>
+    <%= account.loan.start_date&.strftime("%B %d, %Y") || t(".unknown") %>
+  <% end %>
 </div>
 
 <div class="flex justify-center py-8">
diff --git a/config/locales/views/loans/en.yml b/config/locales/views/loans/en.yml
index 930af8dfc43..5b64e136e52 100644
--- a/config/locales/views/loans/en.yml
+++ b/config/locales/views/loans/en.yml
@@ -9,11 +9,13 @@ en:
       rate_type: Rate type
       term_months: Term (months)
       term_months_placeholder: '360'
+      start_date: Loan start date
     new:
       title: Enter loan details
     overview:
       interest_rate: Interest Rate
       monthly_payment: Monthly Payment
+      start_date: Start Date
       not_applicable: N/A
       original_principal: Original Principal
       remaining_principal: Remaining Principal
diff --git a/db/migrate/20250109165633_add_start_date_to_loans.rb b/db/migrate/20250109165633_add_start_date_to_loans.rb
new file mode 100644
index 00000000000..784d5dca423
--- /dev/null
+++ b/db/migrate/20250109165633_add_start_date_to_loans.rb
@@ -0,0 +1,5 @@
+class AddStartDateToLoans < ActiveRecord::Migration[7.2]
+  def change
+    add_column :loans, :start_date, :date
+  end
+end
diff --git a/db/schema.rb b/db/schema.rb
index 0bdce796d6b..d26c0a4f7ec 100644
--- a/db/schema.rb
+++ b/db/schema.rb
@@ -10,7 +10,7 @@
 #
 # It's strongly recommended that you check this file into your version control system.
 
-ActiveRecord::Schema[7.2].define(version: 2024_12_27_142333) do
+ActiveRecord::Schema[7.2].define(version: 2025_01_09_165633) do
   # These are extensions that must be enabled in order to support this database
   enable_extension "pgcrypto"
   enable_extension "plpgsql"
@@ -447,6 +447,7 @@
     t.string "rate_type"
     t.decimal "interest_rate", precision: 10, scale: 3
     t.integer "term_months"
+    t.date "start_date"
   end
 
   create_table "merchants", id: :uuid, default: -> { "gen_random_uuid()" }, force: :cascade do |t|