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## 5.3.2.1.1 Paying by Pay Dues Option

You can pay the due loan amount by installment or existing arrears of a loan account. This option will be available only if there are existing arrears due as on the value date. This topic describes the systematic instructions for paying the due amount.

To pay towards dues:

1. From the Loan Payment and Closure screen, select the Pay Dues option from the Select Activity field.
   - To make payment by installment, select the Installment option from the Payment Type field.

     Figure 5-22 Pay Dues – Installment Payment

     Description of "Figure 5-22 Pay Dues – Installment Payment"

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

     Table 5-18 Pay Due - Installment Payment – Field Description

     Field | Description
     --- | ---
     Select Activity | Select the Pay Dues for paying the payment. Note: For information on other options, refer Paying by Pay Partially Option and Paying by Close Account Option.
     Payment Type | Select the appropriate type for paying the loan payment. The options are: Installment Payment: The following fields are displayed, if you select this option. Allocate Arrears: For more information on the related fields, refer Allocate Arrears.
     Collect Unbilled Interest | Switch to to collect all the unbilled interest till date. Switch to to not to collect all the unbilled interest till date.
     Amount Due | Displays the total loan amount to be paid. Note: You can view the details of amount due. For more information, refer View Breakup.
     Settle Now | It displays the amount to be paid and it is editable. After adjusted the amount, the Simulate option is enabled and after click the Simulate option, the due details are adjusted and displayed.
     Total Fees | Displays the fees amount to be paid.
     Fees Treatment | There are two options to select the payment, that is Pay Now, and Waive. If Waive is selected, the total fees is updated as 0.
     Amount Payable | Specify the total payment loan amount. Note: You should specify amount less than or equal to the total dues to proceed ahead successfully.
     Settlement Details | It displays the settlement details. Click the edit icon to edit the settlement details.

   - To make payment by allocating arrears, select the Allocate Arrears option from the Payment Type field.

     Figure 5-23 Pay Dues - Allocate Arrears

     Description of "Figure 5-23 Pay Dues - Allocate Arrears"

     Figure 5-24 Manage Allocation

     Description of "Figure 5-24 Manage Allocation"

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

     Table 5-19 Pay Due - Allocate Arrears – Field Description

     Field | Description
     --- | ---
     <Other Fields> | For information on the fields above this section, refer Installment Payment.
     Manage Allocation | This link is displayed if you select the Allocate Arrears option from the Payment Type field. Note: You can specify either pay, capitalize, waive the existing arrears, or perform combination of three. You need to total allocation amount should be less or equal to the arrears amount. To view the amounts after updating the allocations, click Stimulate Allocation.
     Component | Displays the components for the allocation.
     Arrears | Displays the arrears amount.
     Pay | Specify the amount to be paid towards the specific component. Note: The system validates the sum of Pay, Capitalize, and Waive for a specific component is not more than the value of respective component's Arrear amount. Based on this validation, an appropriate message is displayed.
     Capitalize | Specify the amount to be capitalized towards the specific component. Note: For Principal Arrears, this field is not enabled for editing.
     Waive | Specify the amount to be waived towards the specific component.
     Total | Displays the total of arrears and pay amount.

2. Click Submit.
   The screen is successfully submitted for authorization.

Parent topic: Payment and Closure Details for Non-Billing Accounts