Repayment Scheduling Rule
The Three repayment scheduling rules are
# | Repayment Scheduling Rules | Description |
---|---|---|
1. | Reschedule to specific date | This rule is selected to reschedule all the transactions falling on holidays to a specific date |
2. | Reschedule to next repayment date | This rule is selected to reschedule all the transactions falling on holidays to the next coming repayment date where two transactions will be scheduled(one rescheduled transaction and the other will be the current transaction falling on next repayment date) |
3. | Extend Repayment schedule | This rule is selected to extend all the transactions falling on holidays by respective next working date |