13863065 Interest Calculation Incorrect On Custom Schedule When Prepayment Is Made

(Doc ID 1450573.1)

Last updated on FEBRUARY 15, 2018

Applies to:

Oracle Loans - Version and later
Information in this document applies to any platform.


When you add manual payments to a loan already in progress, the interest on the next scheduled payment is calculated based on the date of the manual pre-payment and not the date of the last scheduled payment.


Sign In with your My Oracle Support account

Don't have a My Oracle Support account? Click to get started

My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms