5.1.6 Paying by Partially Pay Off Option

You can make payment by paying partial loan amount. Once the payment is done, the principal amount is reduced from the loan amount. The Partially Pay Off option will not available, if the loan account is in post maturity date.

To pay partial amount:

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

   Figure 5-9 Partial Pay Off

   
   Description of "Figure 5-9 Partial Pay Off"
3. You can perform the required action. For more information on fields, refer to field description table below:

   Table 5-6 Partially Pay Off - Field Description

   Field	Description
   Payment Nature	Select the Partially Pay Off for paying the payment. Note: For information on other options, refer Paying by Pay Due Option, Paying by Pay Advance Option, and Paying by Close Account Option.
   Collect Interest Till Date	Switch to to collect all the unbilled interest till date. Switch to to not to collect all the unbilled interest till date.
   Fees	Displays the fees amount to be paid.
   Amount to Pay	Specify the total payment loan amount. Note: If the specified amount is not enough to pay the principal balance, then you will not be able to proceed ahead with the transaction.
   Change	Select whether to change to Term or Installment option.

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.