7 docs tagged with "collections"

Interest from arrears decoupling provides a method to separate regular interest from interest on arrears. In this context, interest on arrears...

A 3rd party system must be notified when a loan account with a loan amount higher than 1 million goes into arrears. This will apply for individual...

Extract all the loans in arrears along with the late installments. Calculate the total late principal, late interest, late fee, late penalties, and...

When you enter a repayment, the amount of that repayment goes to the balances, meaning principal, interest, fees, and penalties based on the...

:::note Payment Holidays

When a borrower fails to make a scheduled repayment on time, their loan is said to have *gone into arrears*. Depending on the [arrears...

To write off a loan account: