Overview

This page helps you understand how to deactivate an interest payment schedule. Sometimes, you may need to generate a new equated schedule or a new  ad-hoc schedule. In such a scenario, you need to first deactivate the existing interest payment schedule. Otherwise, the new schedule cannot be generated.

Note: The interest payment schedule will be deactivated automatically if the corresponding principal repayment schedule is deactivated.

Deactivating a Interest Payment Schedule

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 Interest Payment Schedule section.

5. Next, on the Interest Payment Schedule section, click the Menu button 

The drop-down menu is displayed.

6. Now, on the drop-down menu, click Deactivate Schedule. See the image below:

The deactivation message box is displayed.

7. On the message box, click the OK button after reviewing the deactivation message.

The interest payment schedule is deactivated. See the image below: