1.1.3 Flexible Repayment Schedule Set Up

Using the Loans module, you can define flexible schedules for the payment of principle, interest, commission, and fees. Schedules for the payment of the various components can be defined individually, or otherwise. The schedules can be based on one of the following types:

• Amortized contracts (Amortization based on Reducing balances and Rule of 78)
• Capitalized contracts (for capitalizing interests)
• Normal contracts (Based on Reducing Balances)