An instalment plan can have the statuses:
ACTIVE - when the scheduled repayments are to be paid in the future.
PAID - when all the scheduled repayments have been paid in full.
CLOSED - when the plan is closed prematurely.
The following screenshot shows the Instalment plans page for a credit contract:
To view the existing instalment plans,
click Instalment plans on the content menu of the credit contract.
Select an Instalment plan ID and the Instalment plan details page opens.
The following screenshot shows the Instalment plan details page for an active instalment plan:
To terminate the plan, click Terminate instalment plan.
When you terminate an instalment plan, the remaining balance is subject to the credit contract standard rate.
You can only terminate an active instalment plan.
Last updated 10 months ago
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