Record a repayment

Steps

1. Open the loan and select Record repayment (tellers use Collections → Counter).
2. Enter the amount and source.
3. Check the review sheet, e.g. “It will cover ₦3,900.00 interest and ₦54,391.67 principal.”
4. Select Record and print the receipt if needed.

What happens next

The outstanding balance updates immediately. Check-off repayments are applied automatically when the employer’s remittance is uploaded.