Payment Holiday
You can skip the periodic repayments for your active loans, as agreed in advance by both the lender and borrower. This feature is convenient when customers face economic crises due to individual or abnormal scenarios like COVID. All aspects of payment holidays are controlled by the bank, in agreement with the customer, and can be applied to any outstanding loan(s) of a customer.
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Initiate update payment holiday activity for a small business loan
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Simulate update payment holiday activity for a small business loan
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Retrieves payment holiday details for the given arrangement such as payment type, holiday date, original payment amount and new payment amount
