I would like to recharge back to my members any unpaid interest on loan and capitalize it to principle. Example if loan balance is 100k, monthly payment is 10k split into 8k principle and 2k interest. If member misses monthly payment,i would like to top up the 2k to principle so it now becomes 102k. Can chamasoft do that?
Dear customer care
I would like to recharge back to my members any unpaid interest on loan and capitalize it to principle. Example if loan balance is 100k, monthly payment is 10k split into 8k principle and 2k interest. If member misses monthly payment,i would like to top up the 2k to principle so it now becomes 102k. Can chamasoft do that?
Regards
Beatrice