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Jewel loan

Repayments

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Menu: Jewel Loan → Loan Lifecycle → Repayments

Loan Repayment

1

Find the loan

Type the loan number in Loan Account.

2

Check the dates

Payment date and Interest calculated till are today by default.

3

Choose what the customer is paying

OptionMeaning
Interest onlyThe customer pays the interest due, or part of it. Principal stays the same
Part paymentThe customer pays part of the principal
Close loanThe customer pays everything and closes the loan

Enter Interest, Principal, Discount and Round off as needed.

4

Receive the payment

Under Receive payment, turn on Split across modes to take, for example, part cash and part UPI. Click Receive payment.

The right side shows Amount to receive, the loan balance (Principal outstanding, Interest due, Total due) and Balance after payment. Saving stores the receipt and updates the loan balance.