Credit Balance lets customers store their own money on a revolving loan account — through overpayments or a direct deposit — so it can be used to fund future disbursements or repayments, without affecting the total debt.
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.
A dedicated Refund transaction type for Revolving Credit loans that supports partial and full refunds against a disbursement, without losing transaction history or forcing a bulk recalculation of the account.
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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Unapplied Funds lets borrowers pay more than their outstanding mortgage balance by crediting the surplus to a dedicated liability reserve instead of rejecting the payment.