Process Loan Interest Accrual

Introduced in Version 13

Process Loan Interest record is created on every loan Interest accrual cycle and is also used for manually processing loan interest accrual.

Loan Application

To access the Process Loan Interest Accrual list, go to:

Home > Loan Management > Loan Processes > Process Loan Interest Accrual

Loan Interest will be accrued monthly on the first day of every month for demand loans and one day before payment day for term loans by a background job. If you want to accrue interest manually against a loan then it can be done using Process Loan Interest Accrual.

Loan Application

1. Prerequisites

Before creating a Process Loan Interest Accrual, you must create the following first:

2. How to create Process Loan Security Shortfall

  1. Go to Process Loan Interest Accrual List, click on New.
  2. Enter Posting Date. Posting Date is the date till which the int