8.7 Processing Non-Prorata Rollovers

You can process non-prorata payments on the maturity date of the drawdown if:

• the drawdown is not a Prime loan
• a non-prorata payment is processed on the maturity date

For details on processing a non-prorata payment, refer the section titled Processing Non- Prorata payments in the Processing Repayments chapter of this User Manual.

After you process non-prorata payments, the system allows you to capture renewal instructions for that non-pro rata drawdown for the remaining principal amount. The system rolls over the non-prorata drawdown as per the revised asset ratio (arrived at when you save the non-prorata payment). This is the ratio that is available when you capture the instructions for the non-prorata drawdown.

Note:

• The system does not allow interest capitalization for non-pro rata drawdowns.
• Non-pro rata renewal is allowed for all renewal types (Normal, Split, Consolidation and Consolidation + Split.