Overview
This page helps you understand how to make an external commercial borrowing prepayment. As part of this, you need to enter the prepayment details, which includes payment date, value date, prepayment amount, penalty date, and penalty amount in the New Payment screen. Upon submitting, the prepayment status displayed as Pending.
Subsequently, you need to pay the penalty by clicking the Pay Penalty Amount button on the the Prepayments section, and then enter the date and payment related note in the New Payment against Prepayment Penalty screen. Upon submitting, the prepayment is made.
The below step-by-step instructions describe the complete process of making an external commercial borrowing prepayment.
Making an External Commercial Borrowing Prepayment
1. On the Side Panel of Finvisage application, click Liability.
The menu is expanded.
2. On the expanded menu, click External Commercial Borrowing.
See the image below:
The ECB page is displayed on the right pane.
3. On the ECB page, click the ROC Number of the required external borrowing.
The Drawdown section is displayed.
3. In the Drawdown section, click the External ID.
The Drawdown tab is displayed.
4. On the Drawdown tab:
A. Scroll down to the Prepayments section.
B. On the Prepayments section, click the Menu button, and then click Make Prepayment.
The New Payment screen is displayed.
5. In the New Payment screen, enter all the required information.
Note: See the below table for the field description.
| Field | Description |
| Payment Date | In this field, enter the payment date. |
| Value Date | In this field, enter the value date. |
| Prepayment Amount | In this field, enter the payment date. |
| Penalty Date | In this field, enter the payment date. |
| Penalty Amount | In this field, enter the penalty amount. |
| Adjust | From this drop-down box, select Decrease Tenure if you wish to go for a reduced tenure. |
| Adjusted End Date | In this field, enter the adjusted date. |
5. Finally, click the Submit button.
The external commercial borrowing prepayment is made and displayed as Pending in the Prepayment section.
