Make Repayment
Once the Loan Application is approved you will get all the details as below,
Click on
$ Make Repayment tab. It refers to the payment of a borrowed amount from Lender.
Menu Name & Description
- Transaction date (*) – Specifies the amount transaction date
- Transaction amount (*) – Specifies how much amount you want to transfer
- Repayment Type (*) – Specifies the repayment type (eg, Manual)
- Payment type (*) – Select Money Transfer
- Show Payment Details – Click on the (+) sign and you will get the below details
- Account# – Specify your bank account number
- Cheque# – Specify your Cheque number
- Routing code – Specify your routing code (You can get this in the bottom left corner of your cheque)
- Receipt# – Specify the receipt number
- Bank# – Specify the Name of the Bank
- Note – Specify if any notes for future reference
Update the above details and click on Submit.
Now in the Repayment Schedule, you can see the transaction details. The due amount of 11,902 is paid and the Balance of the Loan amount is shown in the table.
