How to Modify the Payment Frequency?

Follow the steps below to modify a product's payment frequency:

1. Access the loan/advance summary and click on the pencil icon on the right of the Payment Frequency field. 

2. Click the dropdown option on New Payment Frequency and select between Daily, Weekly, or Monthly*.

   - For Weekly or Monthly Payments, select the day when the payments will be collected.
   - You may add a new payment amount if needed.
3. Once you finish, click the button Submit.

After submitting the change, the modification will be ready to be released by another authorized operations team member in the Pending Modification queue.

 

Please see the article How can I release a Payment Modification? for further guidance.

*May vary according to the system configuration.