Making a Loan Payment

Step-by-Step Guide to Making a Loan Payment:

1. Click “Make a Payment” from the Loan Overview screen or the Balance at a Glance view:
   
2. The Post Payment wizard will run:
   
   • a. Unit or Loan: Select the Loan this payment applies to.
   • b. Account: Select the account you wish to post the payment to.
   • c. Payment Type: Select the type of payment being made.
   • d. Posted On Date: Enter the date the payment was posted.
   • e. Amount: Enter the amount of the payment.
   • f. Description: Enter a description for this payment (optional).
   • g. Auto/Manual Allocation: Select whether you want this payment to be manually or automatically allocated.
   • h. Cancel Button: Click this button if you wish to cancel the payment.
   • i. Post Payment Button: Click this button once the required fields have been met, and you wish to post this payment.
3. The payment will now appear on the “Charges & Payment History” page for the specified loan:
   

Video Demonstration: 

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