6.1.6 Paying by Pay Partially 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 Pay Partially option will not available, if the loan account is in post maturity date.

To pay partial amount:

1. From the Select Activity field, select Pay Partially option.
   The fields related to Pay Partially option are displayed.

   Figure 6-9 Pay Partially

   
   Description of "Figure 6-9 Pay Partially"
2. You can perform the required action. For more information on fields, refer to field description table below:

   Table 6-7 PayPartially - Field Description

   Field	Description
   Select Activity	Select the Pay Partially 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 Unbilled Interest	Switch to to collect all the unbilled interest till date. Switch to to not to collect all the unbilled interest till date.
   Settle Now	It displays the amount only when the Collect Unbilled Interest toggle is ON and it is editable.
   Re-computation Basis	Select the option Term or Installment, and click Simulate to display the payment related fields. The due details are adjusted accordingly.
   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.

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