Overview
This page helps you understand how to make a full principal repayment. As part of it, you need to click the Make Payment button on the Principal Repayment Schedule section, and then select the Principal option in the New Principal Repayment Schedule Payment screen. Upon submitting, the payment is made, and the status is displayed as Fully Paid in the Principal Repayment Schedule section.
Making a Full Principal Repayment
1. On the Side Panel of the Finvisage application, click Liability.
The menu is expanded.
2. On the expanded menu, click Loan Facility. See the image below:
The Loan Facility page is displayed on the right pane.
2. On the Loan Facility page, click the required loan facility.
The Drawdowns section is displayed.
3. In the Drawdowns section, click the External ID. See the image below:
The Drawdown page is displayed. See the image below:
4. On the Drawdown page, scroll down to the Principal Repayments section.
5. Next, on the Principal Repayments section:
A. Scroll towards the right.
B. Click the Make Payment button corresponding to the required transaction.
The New Principal Repayment Schedule Payment screen is displayed.
6. Now, In the New Principal Repayment Schedule Payment screen:
A. From the Type drop-down box, select Payment.
B. In the Notes box, enter the payment related note.
C. Click the Submit button.
The principal payment is made and the status is displayed as Fully Paid. See the image below:
