Navigation:  Loan Screens > Account Information Screen Group > Account Detail Screen > Account tab > Payment and Classification field group > Pmt Frequency

Entry: System, alphanumeric

F/M: No

Mnemonic: LNFREQ

Screen: Loans > Account Information > Account Detail > Account tab

 

Loan payment frequency codes indicate the frequency of the regular loan payment, such as monthly, bi-weekly, bi-monthly, etc. You cannot change payment frequencies from this screen. For interest-bearing loans (payment method 6), you can change the payment frequency using the Loans > Account Information > Payment Information screen.

 

For signature loans (payment method 16), you can change the frequency using the Loans > Account Information > Signature Loan Details screen.