Navigation:  Loan Screens > Account Information Screen Group > Payment Information Screen > Loan Information tab > Payment Method

Entry: System, alphanumeric

F/M: No

Mnemonic: LNPMTH

Screen: Loans > Account Information > Payment Information > Loan Information tab

 

This field displays the payment method code. The payment method code determines how to calculate interest and what rules to follow in processing the loan account. This field is pulled from the Loans > Account Information > Account Detail screen.

 

You can only change the loan frequency for loans with certain payment methods. See the Frequency definition for more information.

 

Possible codes in this field are: