Due Types
Due Types define how often a loan is repaid — monthly, fortnightly, weekly, or whatever suits the borrower's income. The due type drives the repayment schedule, so it decides both the instalment size and how closely you are watching the loan.
Where to find it
Go to Customer Loan > Settings > Due Types.
Field reference
| Field | Description |
|---|---|
| Due Type | The repayment frequency. |
| Days | The interval between dues. |
| Description | What the type is for. |
Match the due frequency to how the borrower earns. Someone paid weekly repays weekly far more reliably than they make a monthly lump sum — the frequency is a collection decision, not an administrative one.
Where it is used
A due type is selected on New Loan and generates the schedule shown in Loans. Overdue dues then drive Penalties.
Related pages
- New Loan — where a due type is chosen
- Payment Terms — the terms alongside it
- Collection — receiving the dues