Process Monthly Interest Payments
Generate and process interest payments for all active loans in a given month
Run Monthly Batch
How It Works
1
Scan Active Loans
Finds all active loans with outstanding balances.
2
Calculate Interest
Applies correct rate and day-count convention (ACT/360, ACT/365, 30/360) per loan.
3
Duplicate Check
Skips any loan that already has a payment for the period.
4
Process & Validate
Processes each payment with validation. Failed payments auto-retry up to 3 times.
5
Audit Trail
Every step is logged for compliance. Full calculation details preserved.