The grace period in penalties is basically the number of days after the due repayment date during which penalty is not applied. So if you set grace period as 2 days, then the penalty will be applied after the 2 day grace period ends.
How does the grace period option work in penalties for loans? Print
Created by: Alekh Aggarwal
Modified on: Thu, 20 Apr, 2017 at 1:24 PM
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