Waive Interest

Once the Loan Application is approved you will get all the details as below,
Create Loan - Waive Interest
Click on Waive Interest tab. It specifies you can waive interest on the loan account.
Create Loan - Waive Interest1
  • Select the interest date you want to Waive.
  • Specify the amount you want to waive. Still once you have selected the date by default it will show the corresponding interest amount for the period.
  • Once updated the date and amount click on Submit.
  • Now in the Transaction tab, the  you can see the waived interest details.
Create Loan - Transaction Details