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Principal amount change in OC Loans App
Principal amount change in OC Loans App
In active contract it's possible to change Financing Rates, Financing Period and Principal Amount.
Steps to change Principal Amount in Active Contract:
Step no. 1 - find the contract, on which you want to change Principal Amount.
Step no. 2 - on Financing Card click on Home/Change Principal Wizard
Step n. 3 - into field Change Principal Amount can be added positive (Technical Evaluation) or negative amount (Extraordinary Payment/Technical Depreciation). New Principal Amount is adjusted accordingly. Then click on Next and Finish.
Follow up:
How to work with contract changes
How to change financing period