6.4 Repayment Date Change

Using the Repayment Date Change screen, you can modify the repayment date for the monthly loan account and view the new repayment date details.

You can change the repayment dates for active loan accounts, but not for those in Closed, Matured, Written-off, or Charged-off status. The loan accounts can be amortized or non-amortized.

To view or update the repayment date:

Note:

The fields marked as Required are mandatory.

1. On the Homepage, from Loan Service mega menu, under Schedule, click Repayment Date Change. You can also open the screen by specifying Repayment Date Change in the search icon bar and selecting the screen.
   The Repayment Date Change screen is displayed.

   Figure 6-22 Repayment Date Change

   
   Description of "Figure 6-22 Repayment Date Change"
2. On the Repayment Date Change screen, specify the account number in the Account Number field, and press Tab or Enter.

   Figure 6-23 Repayment Date Change_Details

   
   

   
   Description of "Figure 6-23 Repayment Date Change_Details"

   
   
3. On the Repayment Date Change screen, perform the required action. For more information on fields, refer to field description table below.

   Table 6-14 Repayment Date Change - Field Description

   Field	Description
   Account Number	Specify the account number.
   Existing Details	This section displays the details of previous repayment date and next repayment date.
   New Details	Select the preferred repayment option in this section. If the user chooses a Specific Date of the Month from the drop-down and also select the day from the Select Day drop-down, the next payment date will be displayed with the updated selection. Note: The Select Day field will display only when user select the option Specific day of the month. If user select the option Last day of the month from the drop-down, the payment date will display as the last date of the month. Note: The user is not permitted to choose the same existing repayment date for the new repayment date .
   Total Fees	Displays the total amount of fees.

4. Click Show Revised Schedule.
   The Revised Schedule screen is displayed.

   The user can check the revised schedule details in this screen.

   Figure 6-24 Revised Schedule

   
   

   
   Description of "Figure 6-24 Revised Schedule"

   
   

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

   Table 6-15 Revised Schedule - Field Description

   Field	Description
   Date	Displays the year and the dates in a year when the arrear is raised. This column lists the years for which the schedule is generated. If you click the icon corresponding to a particular year, the monthly date schedule list for a year displays.
   Rate	Displays the rate of interest.
   Principal	Displays the amount of principal arrears.
   Interest	Displays the amount of interest.
   Fee	Displays the amount of fees.
   Due	Displays the amount due.
   Balance	Displays the balance amount after every installment.

5. Click Submit.
   A confirmation message is displayed, click Confirm to proceed.