Schedule

In this section of the manual, you will know about the schedule: original and repayment.

What do you understand by Schedule?

A schedule typically refers to a predetermined timetable or plan that outlines various activities, events, or transactions. It helps establish a systematic framework for organizing and managing tasks and events within the institution.

1. Under ‘Converted Transactions’, click on ‘View’ displayed along the same row as shown.

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2. Once you click on ‘View’, you will see the below screen which contains different tabs as shown. Under ‘Schedule’ tab, you have two sections: Original Schedule and Repayment Schedule.

What do you understand by Original Schedule?

The term original schedule typically refers to the initial or planned timetable for a project, transaction, or activity. It represents the timeline that was initially established or anticipated for completing a particular task or achieving a specific objective.

What do you understand by Repayment Schedule?

A repayment schedule refers to a structured plan that outlines the timing, amounts, and frequency of payments to be made by a borrower to repay a loan or debt obligation. It provides a detailed breakdown of the principal (the borrowed amount) and interest (the cost of borrowing) components of each payment over the course of the loan.

Under ‘Original Schedule’, you will see the following details:

• Date

• Principal Due

• Balance of Loan

• Interest

• Fees

• Penalties

• Outstanding

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Under ‘Repayment Schedule’, you will see the following details:

• Period

• Days

• Date

• Paid Date

• EMI Paid Date

• Principal

• Principal Outstanding

• Interest

• Fees

• Penalties

• Due

• Paid

• In Advance

• Late

• Outstanding