Overview
This page helps you understand how to make a principal repayment loan adjustment. As part of it, you need to click the Make Payment button on the Principal Repayment Schedule section, and then select the Adjust option in the New Principal Repayment Schedule Payment screen. Upon submitting the form, the adjustment is made, and the adjusted amount can be viewed in the Historical Payments section by clicking the View Historical Payments button.
Making Principal Repayment Adjustment
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 Adjustment.
B. In the Net Amount box, enter the amount that is to be adjusted.
C. In the Notes box, enter the adjustment related note.
D. Click the Submit button.
The adjusted is made.
E. To view the adjusted amount, click the View Historical Payments button on the Principal repayment Schedule section.
The adjusted amount is displayed in the Historical Payments section. See the image below:
