Navigation: There are 2 ways to get to the Add Repayment page:
- Borrowers >> View Borrowers >> Loans >> View/Modify >> Add Repayment
- Loans >> View Loans - Branch >> View/Modify >> Add Repayment
Description: You can add repayment for the loan.
The following fields are present in the Add Repayment page.
The following are the required fields to add a repayment.
Repayment Amount
Type the amount that has been paid by the borrower towards the loan.
Repayment Method
Select the method of the payment by the borrower. You can edit the options by visiting View Loans Repayment Methods
Collection Date
Select the date when payment was made. If you are collecting in cash, make sure you select the date when borrower made payment to the collector rather than when you actually entered payment in the system.
Collected By:
Select the staff that accepted the payment by the borrower.
The following are the optional fields.
Description / Comments