User Guide for Amortized Loans
User Guide for Amortized Loans
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
Business processes
Amortized Based Loan Products
Behavior of flexible amortization based loan products
Key concepts of a CL contract
FinCalc - The Financial Calculator
CL Contract actions
- CL contract actions
- Change the Payment Amount
- Changing the due day
- Regenerating the repayment schedule for loans funded in tranches
- Loan term
Contract management
Investor management
Automatically investing investor funds
Billing
Rounding in calculations
Floating interest
Rate Schedule Setup
Fees management
Payments
- Recording a loan payment
- Creating a backdated payment transaction
- Recording a loan pay-off payment
- Consolidated loan payment transaction
- Tax deduction at source
Contingency status codes
Delinquency management
- Delinquency management
- Delinquency grace days
- Payment tolerance
- Creating a delinquency payment plan
- Delinquency aging