2020/06/11 - Defer the Payments of a Standard Loan

Fairways Debt now supports a new life cycle action: deferment

This action enables you to postpone the payments and/or interest for a specific period. You can select how the deferment affects the amortization of the standard loan, and how the interest is paid.

 

For example, the deferment period starts from 1 April 2020 and ends on 1 June 2020.

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The deferment applies to the transaction schedule, we can see no payment is due in the deferment period.

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See Defer a Transaction for more details.

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