Navigation:  Loan Screens > Account Information Screen Group > Precomputed Loans Screen > Options field group > Is Extension Interest Added to Original Interest?

Entry: User, checkbox

F/M: Yes

Mnemonic: LN78EI

Screen: Loans > Account Information > Precomputed Loans screen

 

Check this box if extension interest should be added to the original interest for this loan. Extension interest is the additional interest charged to the account for extending the due date past thirty days.