1.6.4 Defining Interest Repayment Schedules
You can define interest payment schedules for the product. These are applicable to all contracts involving the product. But at the time of processing a contract you can change the schedules to suit its requirements.
In defining interest payment schedules, both for the product and the contract, the
following steps are involved:
- First define schedule preferences or attributes
- Then define the actual schedules
Parent topic: Specifying Interest Details for a Contract