Overview

This page helps you understand how to pay the penalty in case of non payment. As part of it, you need to click the Make Payment button on the Principal Repayment Schedule section, and then select the Penalty option in the New Principal Repayment Schedule Payment screen. Upon submitting the form, the penalty is paid, and the penalty amount can be viewed in the Historical Payments section by clicking the View Historical Payments button. 

Paying Principal Repayment Penalty

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 Penalty.

B. In the Net Amount box, enter the penalty amount. 

B. In the Notes box, enter the payment related note.

C. Click the Submit button.

The penalty is paid.  

E. To view the penalty paid, click the View Historical Payments button on the Principal repayment Schedule section.

The penalty is displayed in the Historical Payments section. See the image below:

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