User Guide for Line of Credit
User Guide for Line of Credit
Preface
Change Record
- Change Record
- April 2024 release (4.5000)
- December 2023 (4.4001) Release
- August 2023 (4.3001) Release
- Spring'23 Release
Introduction
Manage your Company Profile
Create a Line of Credit Product
Key concepts of a CL contract
The Financial Calculator - FinCalc
Contract Management
CL contract actions
- CL contract actions
- Changing the due day
- Change the Interest Rate
- Extending a line of credit
- Adjusting the loan principal amount
Rounding Off
Billing
Floating Interest
Rate schedule setup
Fees management
Payments
Contingency status codes
Delinquency management
- Delinquency management
- Credit Bureau Reporting - Metro 2 Format
- Delinquency grace days
- Creating a delinquency payment plan
- Delinquency aging