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...
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...
For both dynamic and fixed term loans you can choose a payment method based on a declining balance with the borrower paying the loan down in equal...
This functionality is supported for [dynamic mortgages](/docs/dynamic-mortgages). For [interest only loans](/docs/equal-installment-interest-only-loan
You can process single, partial, custom or bulk repayments. These may be entered in the present or backdated.
For cases of prepayments, partial repayments or fees and penalties payment, the allocation order defined at the product level will determine what...
When you enter a repayment, the amount of that repayment goes to the balances, meaning principal, interest, fees, and penalties based on the...
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