You can manually correct accrued interest within the credit contract based on business needs. Go to the credit contract details page using one of the following options.
Go to Cards > Search > Credit contracts and search the credit contract by Contract number. Click on the Contract number to go to the credit contract detail page.
Go to the Person > Search and search the person by any known parameter. Click on the Identification number to go to the person detail page. On the content menu, select Cards > Credit contracts. Click on the Contract number to go to the credit contract detail page.
Click Interest on the content menu to access the interest details.
Click the Make interest correction button on the interest details page.
Enter the necessary details for the interest correction.
Interest type*
List
Select the interest rate type.
The possible values:
CASH_INT - Interest on cash withdrawals
PUR_INT - Interest on purchase
OVERLIMIT_INT - Interest on amount over limit
INSTALMENT_PLAN_TERMINATION_INT - Interest on instalment plan termination
Value date*
Date
Select the date for the interest correction
Event type code*
List
Select the interest event type.
The possible values:
INTEREST BOOKING
INTEREST BOOKING REVERSAL
Currency code*
List
The currency for the interest. It can not be edited.
Amount*
Number
Enter the new interest amount.
Source name
Text
Enter the source of the interest event.
For example : CARD.CONTRACT_HEADER
If left empty the value will be NULL.
Source reference
Text
Enter the source reference of the interest event.
For example : C001696407148.
If left empty, value will be NULL.
Click Submit to complete the interest rate change.
