How to work with Loan Payoff in Paywings ?


Loan Payoff : Complete repayment of a loan (principal plus interest), full discharge of an obligation, or the return from a deal, decision or investment.

Please follow step by step instructions as described in this document :


  • Click on Loan Payoff Tile.


                                                                       


  • Firstly user should click on Refresh Data Button.

                                                                                


  • User should enter valid Employee ID.
  • Click on Search Button.


    •      


  • Double Click to view the Details of the Employee.

               


  • If the searched Employee ID is valid Employee Name, Loan Name, Loan Amount,Number of Months,Interest Rate(%), Monthly Payment,Paid Amount, Recover From,Total Amount,Remain Amount,Action, Issued Date,  will be automatically generated.
  • User should select Action :
                                                            1: Payoff : The Amount to be paid to the employee
                                                            2: Hold:Enter Months to Hold the salary


               


  • User should Select Payoff / Hold.
  • User should select Amount to Pay / Month to Hold.
  • Click save Button.

              


  • A message pops " Inserted Successfully " , click on Ok button to save in Database.