Changing the Installment Plan

Use

You use this function to change the installment plan of a loan in the category Consumer Loan (340).

Prerequisites

A loan from category Consumer Loans (340) must exist in the system with status Contract .

Note Note

If you change the installment plan for a loan, the system includes the settings that you made in the underlying product, such as the settings for the installment amount and term. You define Products in the SAP Easy Access screen under Current Settings .

End of the note.

Procedure

  1. In the function Change Consumer Loan choose Start of the navigation path Edit Next navigation step Change Installment Plan End of the navigation path .

    The Change Installment Plan screen appears.

  2. You can change the following data:

    • Either the new amount of the payment installment or the new number of installments

    • The day of the installment payment

  3. Enter the key date for the change to the installment plan.

  4. Choose Carry Out Model Calculation .

    The system calculates and enters or rounds the following values:

    • Amount of the payment installment or number of installments

    • End of term

    • Term

    • Effective interest rate

  5. If you accept the values, choose Adopt Change in Installment Plan .

    If you do not want to adopt the change, choose Reverse Change in Installment Plan and Cancel .

  6. Choose Continue .

  7. Save your entries .

Result

You have changed the installment plan on a key date.

The system adjusts the financial data and the cash flow.

You can delete a change to the installment plan with a key date in the future and which you therefore have not executed yet.

Note Note

If the term of the loan contract has been extended by the change in the installment plan, this is regarded as a risk-increasing measure for the loan.

End of the note.