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Principal amount change in OC Loans App

Steps to change Principal amount on Active Contract

  • Find the Contract, on which you want to change Principal Amount, on dashboard click on Active tile and choose the Contract

  • On Financing Card click on button Home and Change Principal Wizard

  • 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.

 

Note: After these changes recalculation of the contract is realized automatically. All of the changes will be reflected in the Calculator Lines, Financing Contract Changes and Payments Calendar.




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