4.18 Enquiry for Interest and Principal Projections
You can view the projected interest accruals and principal on a loan contract, for a future date. You can choose the contracts of a particular customer, for which you want to view the projections.
The following details are displayed, for each contract
- Outstanding principal amount
- Interest due as of the current date
- Penal interest due as of the current date
- Projected interest amount, from the current date till the future (projection) date.
- Any applicable tax due on the projected amounts
- Total amount due
- The settlement account
- The balance in the settlement account, on the current date.
This topic contains the following sub-topics: