Overview

This page helps you understand how to pay the penalty for an external commercial borrowing prepayment. As part of paying the penalty, you need to visit the New Payment against Prepayment Penalty screen, and then enter the date and Prepayment related information. Upon submitting, the prepayment is made. 

The below step-by-step instructions describe the complete process of making an external commercial borrowing prepayment.

Paying Penalty for an External Commercial Borrowing Prepayment

1. On the Side Panel of the 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, scroll towards right, and then click the Pre Penalty Amount button.

The New Payment against Prepayment Penalty screen is displayed.

5. In the New Payment against Prepayment Penalty screen:

A. The current date is displayed by default. You can change it, if required.

B. In the Notes box, enter the penalty related information.

The prepayment status is displayed as Fully Paid. See the below image.