{"id":7841,"date":"2021-10-21T16:14:09","date_gmt":"2021-10-21T16:14:09","guid":{"rendered":"https:\/\/wiki.habiletechnologies.com\/index.php\/docs\/cloudbankin-documentation\/loan-management\/make-repayment\/"},"modified":"2021-10-22T10:06:19","modified_gmt":"2021-10-22T10:06:19","slug":"make-repayment","status":"publish","type":"docs","link":"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loan-management\/make-repayment\/","title":{"rendered":"Make Repayment"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\tOnce the Loan Application is approved<\/b> you will get all the details as below,\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\tClick on\n$ Make Repayment<\/span><\/b> tab. It refers to the payment of a borrowed amount from Lender.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Menu Name & Description<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • Transaction date (<\/b>*<\/span><\/b>)<\/b> – <\/b>Specifies the amount transaction date<\/span><\/li>
  • Transaction amount (<\/b>*<\/span><\/span><\/b>) – <\/b>Specifies how much amount you want to transfer<\/span><\/li>
  • Repayment Type (<\/b>*<\/span><\/b>) – <\/b>Specifies the repayment type (eg, Manual)<\/span><\/li>
  • Payment type (<\/b>*<\/span><\/b>) – <\/b>Select Money Transfer<\/span><\/li>
  • Show Payment Details – <\/b>Click on the <\/span>(+) <\/span><\/b>sign and you will get the below details<\/span><\/li>
  • Account# – <\/b>Specify your bank account number<\/span><\/li>
  • Cheque# – <\/b>Specify your Cheque number<\/span><\/li>
  • Routing code – <\/b>Specify your routing code (You can get this in the bottom left corner of your cheque)<\/span><\/li>
  • Receipt# – <\/b>Specify the receipt number<\/span><\/li>
  • Bank# – <\/b>Specify the Name of the Bank<\/span><\/li>
  • Note – <\/b>Specify if any notes for future reference<\/span><\/li><\/ul>

    Update the above details and click on <\/span>Submit.<\/span><\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Now in the Repayment Schedule, you can see the transaction details. <\/span>The due amount of 11,902 is paid and the Balance of the Loan amount is shown in the table.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Create\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"featured_media":0,"parent":7839,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-7841","docs","type-docs","status-publish","hentry","no-post-thumbnail"],"yoast_head":"\nMake Repayment - Wiki<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loan-management\/make-repayment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Make Repayment - Wiki\" \/>\n<meta property=\"og:description\" content=\"Once the Loan Application is approved you will get all the details as below, Click on $ Make Repayment tab. 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