7.9.4 Repayment Schedule
For a repayment schedule, the amount of repayment needs to be specified only for the Principal. The interest, commission, and fee components are calculated by the system automatically, depending on the repayment date and amount of the principal. However, if the interest type is Special, you should specify the interest amount. Similarly, if the loan has been defined with any other fixed amount component, you have to enter an amount for this.
The repayment schedules for the components of the loan are those defined for the product it involves. You can change the schedules for a loan when processing it.
Parent topic: Revision and Repayment Schedules