Skip to main content

7 docs tagged with "repayments"

View all tags

Paying Off a Loan

When you *pay off* a loan, you make a prepayment that covers the whole amount due as of a given date, when the client wants to fully pay their loan...

Principal Overpayment

This functionality is supported for [dynamic mortgages](/docs/dynamic-mortgages). For [interest only loans](/docs/equal-installment-interest-only-loan

Processing Loan Repayments

You can process single, partial, custom or bulk repayments. These may be entered in the present or backdated.

Repayment Allocation Order

For cases of prepayments, partial repayments or fees and penalties payment, the allocation order defined at the product level will determine what...

Repayment collection

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