How Do I Edit A Repayment Schedule?

To edit a loan's repayment schedule, kindly follow the steps outlined below:

• Log into the admin portal and search for the loan you wish to edit using the loan ID. The loan Id typically starts with the prefix (LOAN-)

• Go to the Repayment Breakdown tab and click on the Edit Repayment button

• Once this is done, an editable repayment breakdown page will be displayed where you can:
  • Edit the principal amount
  • The interest amount
  • The late fee
  • The repayment date
  • Delete a scheduled repayment
  • Add a new repayment line

• Once the repayment schedule is satisfactorily edited, click on the Preview Changes button to view the edited repayment schedule, then click on the Save Changes button to update the repayment schedule. 

• If you no longer wish to edit the repayment schedule, click the Discard Changes button to erase all previously made edits. 

Important to Note

1. When the repayment schedule is adjusted and changes are made to the principal amount, the new total principal amount should not exceed the previous total principal amount. 
2. When Remita is the collections instrument configured:

• • The principal amount, interest, and late fee charge should not be higher than the total amount in the activated mandate.
  • The repayment due date can be adjusted to an earlier date but when adjusting to a later date, it should not exceed the mandate end date.
  • Another new repayment line cannot be added at the moment.