Update to Loan Payment Flexibility
A member can pay more than the due amount but less than the total outstanding balance. This feature gives members greater flexibility in managing their loan payments.
Procedure
- Login to Wakandi Cams, on the side bar select Transactions > Teller > Account Type (Loan) > Transaction Type (Repayment) > Account Details (Member Loan Account)
- Check the either Current Outstanding Or Past Due Or Partial payment depending on the member’s request.
- Submit the transaction to effect it.
A member equally is able to enjoy this feature on their member app. On the member app, open the loan you would wish to make partial repayment on incase you have a number of loans. Select the option you would wish to implement i.e. Current Outstanding/ Past Due/ Partial Payment as shown below.
