Spring'22 Release
New features
The following table lists the new features added to the Q2 Loan Servicing User Guide for Simple Loans for the Spring'22 release:
| Serial Number | Feature | Link to the section |
|---|---|---|
| 1 | APS on Last Bill Balance Amount | Automated Payments > Set Up Automated Payments with Multiple Payment Modes and Retrial Attempts > Amount Types |
| 2 | APS on Custom | Automated Payments > Set Up Automated Payments with Multiple Payment Modes and Retrial Attempts > Amount Types |
| 3 | Interest Capitalization Posting on business days only | Interest Capitalization Posting on Business Days only |
| 4 | Backdated Payment using Interest Adjustment Entry | Backdated Payments using Interest Adjustment Entry (Spring'22 Release and before Spring'23 release) |
| 5 | Balloon Payment Calculation | Balloon Payment |
| 6 | Manage Excess Amount | Contract Management > Excess Amount > Manage the Excess Amount/Excess Adjustment |
| 7 | Consideration for Business Days in Days in Advance To Create File and Lock Period |
|
| 8 | Minimum Interest Amount can include AIC when Minimum Interest Option = Minimum Interest Period |
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