5.1.7 Paying by Close Account Option

You can make payment by repaying the entire outstanding loan amount and close the loan account.

To pay by closing account:

1. Navigate to the screen and fetch the account. For more information, refer Navigating and Fetching Account.
2. From the Payment Nature field, select Close Account option.
   The fields related to Close Account option are displayed.

   Figure 5-10 Close Account

   
   Description of "Figure 5-10 Close Account"
3. You can perform the required action. For more information on fields, refer to field description table below:

   Table 5-7 Close Account - Field Description

   Field	Description
   Payment Nature	Select the Close Account for paying the payment. Note: For information on other options, refer Paying by Pay Due Option, Paying by Pay Advance Option, and Paying by Partially Pay Off Option.
   Amount Due	Displays the total loan amount to be paid.
   Fees	Displays the fees amount to be paid.
   Amount to Pay	Specify the total payment loan amount. Note: You can only enter the amount equal or more than the amount specified in the Amount Due field.

4. Click Next.
   The Loan Settlement Details tab is displayed. For more information, refer Performing Settlement through CASA, Performing Settlement through Instrument, and Performing Settlement through Ledger.
5. Click Submit.
   The screen is successfully submitted for authorization.