4.5 Levying Transaction Charges on a Loan

For each loan that you process, you can specify the charges that apply. The characteristic feature of a charge is that it is always booked in advance and is not accrued, as a charge is collected only when it is due. You also have the facility to waive charge for a specific contract

The charge details are maintained in the Contract ICCF screen. You can click the ICCF in the Loans and Commitment - Contract Input screen to invoke the Contract ICCF Deatils screen.

If ECA is opted, then account balance check & blocking the funds includes the charge & its taxes amount as well.

For details relating to levying charges on a contract, refer the Charges and Fees User Manual.