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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

 

Screenshot 2024-11-20 123324.png

 

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.

Screenshot 2024-11-20 123228.png

 

 

Follow up:

How to work with contract changes

How to change financing period

How to change financing rate

How to work with early termination

How to work with bulk changes

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