Part Payment

In this section of the manual, you will know how to make part payment.

What do you understand by Part Payment?

Part payment refers to a situation where a borrower or debtor makes a payment towards their outstanding balance that covers only a portion of the total amount owed. It means that the borrower is paying a partial or incomplete amount instead of the full payment required.

1. Once you click on any active loan account (for example: Vehicle), you will see the below screen containing different tabs. Click on ‘Part Payment’.

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