The module efficiently handles automated rollover of loans on maturity. When a loan is rolled over (renewed), it is processed in the following manner:

• The original loan is liquidated
• A new loan is initiated

A rollover can be effected with any of the following options:

• Roll-over with interest
• Roll-over with interest but deducting withholding tax
• Roll-over of the principal alone
• Roll-over into a different principal amount

The rolled-over contract bears the same reference number as the original contract. However, the number of times the contract is rolled over is recorded and always displayed. This feature facilitates tracking. A Rollover advice is automatically generated when a loan is rolled-over.