When you create a loan with drawings, you can now define if the loan includes amortization or not.
The Standard Loan Type label is now renamed as Availability Period.
| Old Name | New Name |
|---|---|
| Standard Loan Type | Availability Period |
There used to be two options: with or without drawings. Now, you can select between three options.
| Old Name | New Name |
|---|---|
| With drawings | Yes, with amortization |
| Yes, without amortization | |
| Without drawings | No |
- If the loan includes drawings and amortization, you need to select a consolidation date.
- If the loan includes drawings but no amortization, you need to select a date that ends the availability period.
Both consolidation start date and end of availability period are the last dates at which you can perform drawings.
| Old Name | New Name |
|---|---|
| Consolidation Start Date | End of Availability Period |
| Consolidation Start Date |
Thanks to this distinction, your schedule now updates accordingly.
In these examples, both standard loans have a drawing on 04/01/2018, and a consolidation start date or an end of availability period on 04/01/2018.
Schedule of a standard loan with amortization:
Schedule of a standard loan without amortization:
See Create a Standard Loan for more details.