Set up loan payment holiday

Payment holiday

Here you can find a generic example of how to set up a loan for existing active loan contracts using the BackOffice. The details of setting up a loan holiday may vary depending on your loan product configuration. If the loan product configuration includes predefined rules for payment holidays, your options in the user interface will be respectively limited.

To set up the loan holiday, you must take the following steps:

Define payment holiday terms

Create new contract version

Fill in payment holiday terms