Before you can make a repayment, you must do the following:
To make a repayment, do the following:
Following the steps to view a loan account, select the loan account you would like to make a repayment for. See above for a sample savings account summary:
Fill out the necessary fields. A sample filled out screen is shown below:
Field Name (attribute) | Description | Example | Validations (if applicable) |
---|---|---|---|
Repayment Date | Click on the date to select the date of transaction. By default it shows the current date. | 1. Date should not be in the future. 2. Date should not be before the loan was disbursed. | |
Payment Type | From the drop down, choose the type of payment. | Wire Transfer | None |
Amount (A) | Enter a non-negative and non-zero decimal number. This contains the Amount Due by default. | 100.00 | Amount should be (less than or equal to)>= 0 |
Additional Payment (B) | Any additional payment you would like to record with that repayment. This is 0 by default. | 0.0 | Amount should be (less than or equal to) >= 0 |
Fees (C) | Any fees applicable at the time of the payment. | 0.0 | Amount should be (less than or equal to) >= 0 |
Total (A+B+C) | Non-editable field. It shows the sum of the Amount, Additional Payment, and Fees. It updates in real time. | 100.00 | N/A |
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