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When User Updates Loan Start Date # Of Installments Count Changes (Doc ID 2112080.1)

Last updated on JULY 12, 2021

Applies to:

Oracle Loans - Version 12.2.2 and later
Information in this document applies to any platform.


Changing the Loan Term Start Date to a month later creates a 13th payment in the amortization schedule when the loan is monthly for 1 year.

For example:

Loan for 1 Yr, with 12 monthly payments that starts on 12/01/2015 - Save
You will see 12 payments in the Amortization Tab
Change the Start Term Date to 1/1/16 - Save and Requery the loan
Now you will see 13 payments in the Amortization Tab



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