Bill amount as percentage of the credit limit

Use this billing method to generate bills of fixed amount. You can fix the amount to a certain percentage of the credit limit.

In the following example, for both the Draw and the Repayment terms, the Bill Amount as percentage of Credit Limit billing method is selected.

Behavior if the application payment mode is spread:

In the following example the Bill Amount is 500 so the Billed Amount is adjusted as shown below, and the remaining amount is adjusted in the subsequent bills.

Behavior if the application payment mode is date:

In the following example the Bill Amount is 500 but the Actual Amount is more than 500 so the Billed Amount needs to be changed as shown below.