Use Payment Schedules screen to capture the prepayment schedules for the loan which includes the components such as principal, main interest and penalty components, if any.

1. In the Loan Origination , click Payment Schedules tab and provide the required details.

   Figure 2-9 Payment Schedules

   
   

   
   Description of "Figure 2-9 Payment Schedules"

   
   

   Table 2-9 Payment Schedules - Field Description

   Field	Description
   Schedule Type	Schedule type will default 'P - Payment' for prepayment schedules.
   Component Name	Select the component (Principal/Interest) for which the schedule to be defined.
   Component Currency	System will default 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 from the drop-down list.
   Unit	Enter the no 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 no of schedules for the defined frequency.
   Principle Liquidation	Select the liquidation mode (auto/manual) from the drop-down list.