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How to configure fixed interests for loans

For example, there is a loan with amount 12000, duration 1 year, and employee should repay

principal 1000 and interest 100 for each month, can someone give me a hand. Thanks in advance.

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  • author's profile photo Former Member
    Former Member
    Posted on Aug 02, 2012 at 04:20 AM
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  • author's profile photo Former Member
    Former Member
    Posted on Aug 02, 2012 at 06:49 AM

    Hi

    If you want fixed interest for a loan type, you can configure as below.

    e.g PF loan at 9.5 fixed interest.

    I hope you are working on PY- IN (SPRO -PY- Company loans - Maintain loan type)

    Best Regards

    Venkata Manikanth


    loan.PNG (15.8 kB)
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