Generate Amortization Schedule

Applications created on loan products and on lease products of type Loan and Finance lease enable you to specify custom parameters for the payment amounts and dates. Based on the CL Product configuration, you can specify these customizations in the Amortization tab of the application. For information on these, refer to the sections of this chapter. Once you have specified these parameters, select Generate Schedule. A revised amortization schedule based on the new terms is generated. The Payment Amount field in the Lease Pricing page is updated with the payment amount in the schedule.