Loan Interest Accrual

Loan Interest Accrual

Introduced in Version 13

For demand loans, loan interest will start accruing each month on the first of the month and for term loans, one day prior to the due date.

Go here: to get the list of Loan Interest Accruals.

Home > Loan Management > Disbursement and Repayment > Loan Interest Accrual

An accrual for loan interest includes information on:

• The loan against which interest has accrued is referred to as the

• The applicant's name and application type.

• Pending Principal Amount: The loan's outstanding principal.

• Interest: The amount of interest that has been charged on the loan.

• Is Paid: The checkbox for this option indicates whether or not the accrued loan interest has been paid.

• The method by which loan interest was accrued is called the loan interest accrual procedure.