Chamasoft allows you to calculate a loan depending on the different interest types i.e. fixed rate, reducing balance rate or custom interest rate. 1. To calculate a loan go to; Loans>Loan Calculator here 2. Fill in the entries as follows: Click on Calculate to display the results The results of the loan will be displayed as above
Chamasoft allows the user to the add member loan interface, whereby the user is allowed to enter the loan disbursed together with the terms of the loan e.g. on fixed interest/reducing balance for 12 months. Once submitted the module manages notifications on installments, balances and penalties due. To create a loan category follow the following steps […]
This link displays all loans which have taken place on your accounts. To list loans go to; Loans>List Loans