Overview

This article covers the payment frequency options available to you when pricing opportunities in PrecisionLender. You'll learn how to edit the payment frequency and view the payment amount.

In This Article

 

Editing Payment Frequency

Click the chevron icon () to the right of "Interest Options" to open the Interest Options popup (shown below). Click the drop-down arrow next to "Payment Frequency" to see the available payment options.

 Shows the payment frequency in the interest options pop-up window

 

You can choose from the following payment frequency options, depending on how often you expect payment to occur:

  • Monthly - for payments that occur once a month
  • Quarterly - for payments that occur once a quarter
  • Semi-Annually - for payments that occur twice a year
  • Annually - for payments that occur once a year
  • At Maturity - for payments that will occur at maturity

 

For amortizing loans with level payments, you can set the first payment month to control when the first payment occurs.

In the Interest Options popup, enter the month that you'd like the first payment to occur in the "First Payment at Month" field. If the payment frequency is set to maturity, then the "First Payment at Month" field will default to the maturity month and cannot be edited.

 

Shows the checkbox for First Payment at Month in the interest options pop-up window

 

Viewing Payment Details

Once the first payment is scheduled, all subsequent payments will be scheduled according to the payment frequency. You can see your Opportunity's amortization table by going to Advanced Analytics.

The Full Opportunity Printout shows the Payment amount (Principal + Interest) on Page 3 in the Notes section. 

 

Shows the financial statement page in the full opportunity printout

 

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