Installment Number

Entry: System, numeric

F/M: No

Mnemonic: LNINNO

Screen: Multiple

Field Group: Common Loan Information

This field contains the total number of regular customer installments made since the beginning of the loan. The system adds 1 to the field with each full payment.

If a loan has an LIP method code of 1 or 101 or is a payment method 5, the installment number does not change.

Institution option OP04 KIST does not change the installment number to 0 when running the open loan transaction 680. Use this for bulk purchases where payments have been made prior to the loans being purchased.

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