Is It Possible To Update Loan Payment Manually? (Doc ID 2006338.1)

Last updated on JANUARY 20, 2017

Applies to:

Oracle Loans - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

In some instances the borrower wants to determine the Loan Payment (Installment) either at the beginning of the loan or during the life cycle of the loan. Due to the high volume of loans and the administrative burden with the upload & maintenance of Custom Schedules, flexibility should be given to change the Loan Payment Amount (installment) from the Loans Dashboard. However, the Payment field is grayed out and cannot be updated.

How do you make the Loan Payment amount flexible?
Can the borrower update it?
 

Solution

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