Navigation:  Account Delinquency screen > Delinquent Payments tab > Common Loan Information Field Group > Installments Remaining

Entry: System, numeric

F/M: No

Mnemonic: WKREMN

Screen: Multiple

Field Group: Common Loan Information

 

This field displays the number of installments remaining for the loan. The loan term divided by the frequency, less the installment number, gives the number of payments remaining on the loan.

 

For bi-weekly payments (payments every two weeks), the remaining term is calculated as follows:

 

Term in Months / 12 X 26 – Installment Number = Remaining Term

 

Example:

 

Term = 255

Installment number = 176

 

255 / 12 X 26 – 176 = 376.5 ~ 377

 

Note: Line-of-credit loans will not reflect a remaining installment as there is not an associated term for calculation.