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Showing articles from interest rate tag

Change Base Rate of Variable Interest Rate Loans

There are two ways to change a loan’s base rate: * Either _within the loan_; or * Processed _within a bulk action_ **Changing the Base Rate Within A Loan:** 1.Go to **Payments **> **Transactions **> Click **+Add** 2.Select **Transaction Type**: **Set Interest Rate** 3.Fill out all required fields and adjust …

Schedule Future Transactions: Irregular payment schedules and Seasonal loans

**OVERVIEW** In order to schedule future transactions, go to **Payments** > **Schedule Transactions**. You can access this menu and add scheduled transactions at any time - even if the borrower’s repayment period has already started. ![][1] **Schedule Transactions Grid** ![][2] **+Add button** A) Use this butto…

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