4.3 Preferences for a Loan

Preferences are options. For instance, for a product, you have the following options:

• Making liquidation automatic or manual or component based
• Allowing or disallowing rollover
• Applying tax or waiving it
• Applying prepayment penalty or waiving it
• These are your product preferences. For a contract, you have the option (preference) of specifying the following in the Contracts tab of the Contract Online screen.
• Liquidating back valued schedules
• Applying Back Valued Schedules
• Suppressing Back Value Payment Messages
• Residual Liquidation Entries

You cannot however, change the schedule payment type (amortized, capitalized or normal) for specific contracts. By default, the payment type, which you have defined for the product, applies to all loans involving the product.

This topic contains following sub-topics:

• Setting Loan Schedule Preferences
  
• Manual Loan Disbursement
  
• Viewing Manual Disbursement
  
• Re-compute Late Payment Charges Online
  
• Processing the Late Payment Charges
  
• Maintaining System Derived Schedules
  
• Maintain User Input Schedule Amounts
  
• Maintain Schedule Adjustments on Interest Rate Revision
  
• Maintaining previous interest rate
  
• Maintaining Schedule Adjustments on Prepayment
  
• Re-Amortization