Holiday schedule

  • Updated

Holiday schedule

Lenders can specify holiday schedules in loan products and loan contracts during which no payments are due for collection. The amortization schedule is generated taking the holiday period into account. 

If you are upgrading to CL Loan 2.3007 or later, you must add the Holiday Schedule related list to the: 

  • Loan Product Layout and Amortization Based Loan Product Layout of the Lending Product object
  • Loan Account Layout and Amortization Based Loan Payout of the CL Contract object

For steps to add related lists, refer to section Create a Section or a Related List on a Page.

If holiday schedule is specified at the product level, the Holiday Schedule related list is displayed while creating or rescheduling contracts based on this product. The holiday schedules can be viewed from the new Schedules tab, Holiday Schedules sub tab in the loan account page. .

Recommended layout

CL Contract

Lending Product