Loan with term vary based on loan cycle enables defining loan cycle with respect to their terms, interest and principal. This is for those whose business practice is loan amount which is increased for the second loan cycle on completing the first loan cycle on time.  

This is defined in the loan product itself by enabling “Terms with vary based on loan cycle” in Term section.  

Beginning at the main screen, select Admin, then Products from the drop-down menu. This will launch the Products menu.

Select Loan Products.