on 02-27-2019 7:03 PM
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.
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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