This topic describes the systematic instructions to payment schedules. Users can capture the prepayment schedules for the loan which includes the components such as principal, main interest and penalty components, if any.

1. Initiate a Loan Origination and navigate to a specific data segment.
2. From Loan Origination , click Payment Schedules tab and provide the required details.
   The Payment Schedules screen displays.

   Figure 2-9 Payment Schedules

   
   

   
   Description of "Figure 2-9 Payment Schedules"

   
   

   For more information on fields, refer to the field description table.

   Table 2-10 Payment Schedules - Field Description

   Field	Description
   Moratorium Type	Select the moratorium type. The available options are: Liquidate Immediate Liquidate across schedules Liquidate with first schedule Capitalize Consumer Credit
   Component Name	Select the component (Principal/Interest) for which the schedule to be defined.
   Component Currency	System will default shows the currency for the selected component based on the product set up.
   Amount	Enter the flat amount to be paid for the component for the defined frequency.
   Frequency	Select the frequency of schedule. The available options are: Daily Monthly Quarterly Semi Annual Annual
   Unit	Enter the number of times the payment to be made for the defined frequency.
   Start Date	Select the start date of the payment schedule for the defined frequency.
   No Of Schedules	Enter the number of schedules for the defined frequency.
   Principle Liquidation	Select the liquidation mode. The available options are: Auto Manual
   Month End	Select the month end. The available options are: Yes No
   Schedule Flag	Select the schedule flag. The available options are: Normal Moratorium

   Note:

   Refer to Payment Details section for the detailed information.
3. Click Save & Close, to save and close the details.
4. Click Next, to navigate to the next screen.