Payment Schedule
A payment schedule is the agreed-upon timeline and frequency for making payments on a loan or credit account. The payment schedule specifies when the payments are due, the amount due, and the total number of payments required to pay off the account.
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Update the payment schedule condition such as payment method from capitalise to pay, payment frequency from monthly to quarterly etc., on an account
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Retrieves the payment schedule of an arrangement account
Renegotitaion
This service helps you to modify the terms and conditions of the account. You can enable a variety of account maintenance activities, both financial and non-financial. Some of the key maintenance activities are maintenance of account titles, restrictions on account, credit and debit interest information and revisions of settlement account.
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Perform the renegotiation of the account contract details such as payment frequency, payment start date, interest rate, statement frequency and settlement details, etc.