To set up the payment holiday in the loan contract version, fill in the following parameters:
Contract change type - select the Change repayment conditions value.
Change reason - select the loan contract change reason: OTHER.
Schedule re-generation rule - select the type of the loan contract re-generation rule:
FIXED_PAYMENT_LENGTH - choose this if you want the monthly repayment amount and the contract end date to remain the same. The last repayment is increased to recover the loan repayment in full.
FIXED_LENGHT - choose this if you want the contract end date to remain the same. The monthly repayment amount is increased to fit the fixed contract length.
FIXED_PAYMENT - choose this if you want the monthly repayment amount to remain the same. The contract end date is prolonged to fit the fixed monthly payment.
PAYMENT_LEAVE - choose this to set up a payment holiday without repayments.
INSTALLMENT_LEAVE - choose this to set up a payment holiday with interest repayments only.
PAYMENT_AMOUNT - choose this to set up a payment holiday with a predefined repayment amount.
Enter the payment holiday Start and End dates.
Fee - enter the fee amount, if applicable.
Click Save and activate the contract version.
Exceptions from regular payment amount - click to add a row and select one of the following exception types:
