Edit loan details and terms

Adjust the debtor, principal, interest rate, term and other conditions of a provided financing. The amortisation schedule is automatically recalculated after saving.

Edit loan details and terms

1. Go to Contracts and open the financing you want to edit;
2. Open the Details tab;
3. Change the desired fields in the Loan section:
   1. Choose a different Borrower (relation) if the borrower needs to change;
   2. Adjust the Principal;
   3. Enter or change the Reference / loan number;
   4. Optionally add a Note.
4. Change the desired fields in the Terms section:
   1. Adjust the Interest rate (% per annum);
   2. Change the Term (months);
   3. Enter the Fixed-rate period (months) — Protiva automatically shows the calculated interest review date below the field;
   4. Choose a different Repayment type;
   5. Change the Start date;
   6. Adjust the Administration costs (p/m).
5. Click Save.