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Loan repayment is required for all active loan disbursed.
All repayments will automatically dropped to the customer’s saving account after running the end of day process for loan repayment.
All loan dues on the indicated date will dropped.
It can also dropped manually by manager on the loan manager page.
To run the end of day for loan repayment follow these steps
- Click on ‘End of Day’ menu from the list of menu items by the right side panel of the system
- On the EOD processing sub menu click on ‘Drop Due Loans’
- This will show the module drop repayment for the selected date
- Select the due date to run from the calendar
- Then click on ‘Run Process’ button
- After process is completed you will get a prompt of number of repayment dropped.
The process will dropped the due repayment amount to the customer savings account by debiting the account with due amounts.
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