4.2.1 Installment Repayment Simulation

This topic provides the systematic instructions to simulate the loan repayment for an account.

Using this screen, user can do payment simulation for the loan accounts. Based on the loan account selected, the other details are defaulted.

To simulate the Loan Repayment of an account:

  1. Perform one of the following navigation to access the Loan Repayment Simulation screen.
    • From the Dashboard, click Menu, and click Accounts, then click Corporate Loans. Under Corporate Loans, click Loan Repayment Simulation.
    • From the Dashboard, click Menu, then click Accounts, and then click Corporate Loans. Under Corporate Loans, click Overview, then click Loan Repayment Simulation option in the Quick Links widget.
    • Access through the kebab menu of transactions available under the Corporate Loans module.
    The Loan Repayment Simulation screen displays.

    Figure 4-6 Loan Repayment Simulation


    Description of Figure 4-6 follows
    Description of "Figure 4-6 Loan Repayment Simulation"

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

    Table 4-3 Corporate Loan Repayment Simulation

    Field Name Description
    Loan account Select the loan account.
    Maturity Date Displays the maturity date by default.
    Settlement Date Loan settlement date is defaulted from application date.

    Select a future date from the calender to simulate.

    User cannot select loan settlement date greater than the maturity date.
    Repayment amount Specify amount to be repaid
  2. Click Fetch Components.
    The system displays the below component wise payment due details:
    • Component
    • Component Description
    • Amount Due
    • Amount Paid
    • Tax Paid
  3. Specify the repayment amount and click Allocate.
    The system displays the updated amount paid information in the Component, Amount Due, and Amount Paid fields of Loan Repayment Simulation screen.

    Figure 4-7 Loan Repayment Simulation with updated details


    Description of Figure 4-7 follows
    Description of "Figure 4-7 Loan Repayment Simulation with updated details"

  4. Click Simulate.
    The Loan Repayment Schedule Details screen displays with the repaying amount.

    Figure 4-8 Loan Repayment Schedule Details


    Description of Figure 4-8 follows
    Description of "Figure 4-8 Loan Repayment Schedule Details"

Parent topic: Instalment Repayment