Overview
This page helps you understand how to pay a loan interest payment penalty. As part of it, you need to click the Make Payment button in the Interest Payment Schedule section on the Drawdown tab of Loan Facility page. This results in the display of New Interest Repayment Schedule Payment screen.
Subsequently, you need to select the Penalty option in the New Interest Repayment Schedule Payment screen and fill the other required details.
Upon submitting the details, the penalty payment is made, and displayed in the Interest Repayment Schedule Actual Payments screen. This screen is displayed on clicking the View Historical Payments button in the Interest Payment Schedule section.
The below step-by-step instructions help you understand how to pay a loan interest payment penalty.
Making Loan Interest Payment 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 tab is displayed. See the image below:
4. On the Drawdown tab, scroll down to the Interest Payment Schedule section.
5. Next, on the Interest Payment Schedule section:
A. Scroll towards right.
B. Click the Make Payment button corresponding to the required transaction.
The New Interest Repayment Schedule Payment screen is displayed.
6. Now, In the New Interest Repayment Schedule Payment screen:
A. From the Type drop-down box, select Penalty.
B. In the Notes box, enter the penalty related note.
C. Click the Submit button.
The penalty payment is made.
7. To view the penalty, which you have made, click the View Historical Payments button corresponding to the transaction. See the image below.
The Interest Repayment Schedule Actual Payments screen is displayed with the penalty made.
See the example image below:
