Configuring an Equal Installment Interest-Only Loan
To set up a product with equal interest-only installments, select **Product Type: Interest Only Equal Installments Loan**.
To set up a product with equal interest-only installments, select **Product Type: Interest Only Equal Installments Loan**.
A *payment holiday* is a break in payments that you may offer clients when they have difficulty paying back a loan. No fee or penalty is charged...