When User Updates Loan Start Date # Of Installments Count Changes
Last updated on MARCH 01, 2016
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.
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
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