1.1.2.6 Payment Schedules

This topic describes the systematic instructions to Payment Schedules.

Payment Schedules can be added for the application in the Enrichment Stage.

1. Initiate a Loan Origination and navigate to a specific data segment.
2. From Loan Origination , click Payment Schedules tab and provide the required details.
   The Payment Schedules screen dispalys.

   Figure 1-10 Payment Schedules

   
   Description of "Figure 1-10 Payment Schedules"

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

   Table 1-9 Payment Schedules - Field Description

   Field	Description
   Component Name	Select the component name. The payment schedule name that is being created.
   Frequency	Select the time interval in which payment will be made.
   Amount	Enter the amount that will be paid in the mentioned schedule.
   Start Date	Select the start date of the scheduled payment.
   No Of Schedules	Select the number of schedules in which payment will be completed.
   Principal Liquidation	Select the principal liquidation. The principal liquidation will be paid in auto format or by some other format.

3. Click Save & Close, to save and close the details.
4. Click Next, to navigate to the next screen.