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- Index
Driver Loan Interest Rate Change
This screen is accessed from the Driver Loan Calculations screen.
Purpose
The purpose of this screen is to alter the current interest rate on a loan.
How to Use
In the "New Rate Details" box, enter the date on which the new rate will become effective. You must adhere to the date range specified after the field.
Then, enter the new Rate. You may specifiy up to 5 decimals. 4.75% would be entered as 4.75.
It is a good idea to provide a brief Reason for Change.
Finally, click the Click Here to Add the New Rate.
If the new rate is to go into effect in the future, you will have until the day before it goes into effect to delete the pending change.