8 Promise to Pay

This topic describes the promise-to-pay option to repay money.

A promissory note, or promise-to-pay agreement, is a written document in which a customer agrees to repay a definite sum of money either on demand or at a specified future date. Borrowers who take out loans typically sign a promissory note to formalize their obligation to repay the bank. An agreement between two parties, the lender and the borrower, in which the lender promises to pay a set amount of money on a set date.

Note:

  1. The Delinquency Notice widget is displayed on dashboard only if the loan account is in delinquent status.
  2. In case if multiple accounts are delinquent, a carousel will be shown in widget so that the user can swipe and view all details.

Features supported in the application

  • Make Promise
  • Make Payment (Pay Now)
  1. Perform anyone of the following navigation to access the Pay Now /Make Promise screen.
    • From the Dashboard, click Delinquency Notice widget, click Pay Now /Make Promise.
    • On the Dashboard, click Overview widget, click Loan & Finances card, then click Loans & Finances Account Number.

      From the  Loans & Finance Details page, click on the Pay Now /Make Promise (options available only for the account with Delinquent status).

The Make Promise screen appears.

  • Make Promise
    This topic provides the systematic instructions for delinquent customer on how to make promise.
  • Make Payment
    This topic provides the systematic instructions for delinquent customer on how to make payments.