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

Payment Method

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

Payment Method

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Entry: System, alphanumeric

F/M: No

Mnemonic: LNPMTH

Screen: Multiple

Field Group: Common Loan Information

 

This field displays the method used to calculate interest and what rules to follow in processing the loan payments and accruing interest. The following payment methods are available:

 

CodeLoan Payment Method

 

0Amortizing
3Rule of 78s
4Capitalize Interest
5Line-of-Credit - Revolving
5Line-of-Credit - Non-Revolving
6Daily Simple Interest
7ARM - Adjustable Rate
8Rental Accounts
9Commercial Daily
10Commercial Periodic
11Flex Credit Periodic

 

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