{"id":7843,"date":"2021-10-21T16:14:31","date_gmt":"2021-10-21T16:14:31","guid":{"rendered":"https:\/\/wiki.habiletechnologies.com\/index.php\/docs\/cloudbankin-documentation\/loan-management\/part-pay-loan\/"},"modified":"2021-10-22T09:35:04","modified_gmt":"2021-10-22T09:35:04","slug":"part-pay-loan","status":"publish","type":"docs","link":"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loan-management\/part-pay-loan\/","title":{"rendered":"Prepay Loan"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7843\" class=\"elementor elementor-7843\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7e71359 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7e71359\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ae694cf\" data-id=\"ae694cf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a56c04e elementor-widget elementor-widget-text-editor\" data-id=\"a56c04e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\tOnce the Loan Application is <b> 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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-27283f4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"27283f4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fc3fd49\" data-id=\"fc3fd49\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4652644 elementor-widget elementor-widget-spacer\" data-id=\"4652644\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac23c4e elementor-widget elementor-widget-image\" data-id=\"ac23c4e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"465\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Loan-Active.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Loan Active\" \/>\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<div class=\"elementor-element elementor-element-50c5566 elementor-widget elementor-widget-spacer\" data-id=\"50c5566\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-70dfd9c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"70dfd9c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-956a7fa\" data-id=\"956a7fa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ff61f63 elementor-widget elementor-widget-text-editor\" data-id=\"ff61f63\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Click on <b><span style=\"color: #6ec1e4;\">Prepay Loan<\/span><\/b> tab. It specifies the entire loan amount is paid before the repayment period ends.<\/p><p>Once you click on the Prepay Loan it will ask for the following details.<\/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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-84ee8fd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"84ee8fd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b158079\" data-id=\"b158079\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8ab7cd7 elementor-widget elementor-widget-image\" data-id=\"8ab7cd7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"435\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Prepay-Loan.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Prepay Loan\" \/>\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d8c9697 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d8c9697\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5a4bb3d\" data-id=\"5a4bb3d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fbe799d elementor-widget elementor-widget-spacer\" data-id=\"fbe799d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-26d7cd8 elementor-widget elementor-widget-heading\" data-id=\"26d7cd8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"> Menu Name and Description<\/h2>\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ab0c23a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ab0c23a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-539ed5b\" data-id=\"539ed5b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-31689d9 elementor-widget elementor-widget-text-editor\" data-id=\"31689d9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li aria-level=\"1\"><b>Transaction date (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>)<\/b> <b>&#8211; <\/b><span style=\"font-weight: 400;\">Specifies the amount transaction date<\/span><\/li>\n \t<li aria-level=\"1\"><b>Transaction amount (<\/b><b><span style=\"color: #ff0000;\"><span style=\"color: #ff0000;\">*<\/span><\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Specifies how much amount you want to transfer<\/span><\/li>\n \t<li aria-level=\"1\"><b>Principal &#8211; <\/b><span style=\"font-weight: 400;\">Principal<\/span> <span style=\"font-weight: 400;\">Value will be automatically updated by the system<\/span><\/li>\n \t<li aria-level=\"1\"><b>Interest amount (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the interest amount for the particular period<\/span><\/li>\n \t<li aria-level=\"1\"><b>Repayment Type (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the repayment type (eg, Manual)<\/span><\/li>\n \t<li aria-level=\"1\"><b>Payment type (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Select Money Transfer<\/span><\/li>\n \t<li aria-level=\"1\"><b>Show Payment Details &#8211; <\/b><span style=\"font-weight: 400;\">Click on the <\/span><b><span style=\"color: #6ec1e4;\">(+) <\/span><\/b><span style=\"font-weight: 400;\">sign and you will get the below details<\/span><\/li>\n \t<li aria-level=\"1\"><b>Account# &#8211; <\/b><span style=\"font-weight: 400;\">Specify your bank account number<\/span><\/li>\n \t<li aria-level=\"1\"><b>Cheque# &#8211; <\/b><span style=\"font-weight: 400;\">Specify your Cheque number<\/span><\/li>\n \t<li aria-level=\"1\"><b>Routing code &#8211; <\/b><span style=\"font-weight: 400;\">Specify your routing code (You can get this in the bottom left corner of your cheque)<\/span><\/li>\n \t<li aria-level=\"1\"><b>Receipt# &#8211; <\/b><span style=\"font-weight: 400;\">Specify the receipt number<\/span><\/li>\n \t<li aria-level=\"1\"><b>Bank# &#8211; <\/b><span style=\"font-weight: 400;\">Specify the Name of the Bank<\/span><\/li>\n \t<li aria-level=\"1\"><b>Note &#8211; <\/b><span style=\"font-weight: 400;\">Specify if any notes for future reference<\/span><\/li>\n<\/ul>\n<span style=\"font-weight: 400;\">Update the above details and click on <\/span><b><span style=\"color: #6ec1e4;\">\nSubmit.<\/span><\/b>\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":2,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-7843","docs","type-docs","status-publish","hentry","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Prepay Loan - 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\/part-pay-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prepay Loan - Wiki\" \/>\n<meta property=\"og:description\" content=\"Once the Loan Application is approved you will get all the details as below, Click on Prepay Loan tab. 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