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Loan capital amount split into different repayment conditions

Hi,

I have requirement where I need to consider total Loan amount into different repayment conditions. I know loan repayment condition with total amount that is working fine. But my requirement is like below example

Tier1 - $2000

Tier2 = $3000

Total Loan amount = $5000

Now I need to create a loan with two repayment conditions in same period one with $2000 and another repayment condition with $3000. So that I can apply two different interest rates for each tier and report can be performed by Tiers. By creating one repayment condition with $5000 it working. But I want to split the amount into two different repayment conditions. Appreciate if you could help me on this.

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1 Answer

  • Posted on Mar 01, 2019 at 03:59 PM

    Hi Sekhar,

    You have to create 2 transactions with the same due date and different conditions.

    The system will not allow to create 2 repayment / interest conditions at the same time on the same transaction.

    Kind Regards

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