Interest on loans will accrue monthly, with demand loans accruing interest on the first day of each month and term loans accruing interest one day prior to the payment date.

To access the Loan Interest Accrual list, go to:

> Home > Loan Management > Disbursement and Repayment > Loan Interest Accrual

A Loan interest accrual contains the details about:

• Loan: The loan for which interest has been accrued.
• Applicant: The type of applicant and their name.
• Pending Principal Amount: Remaining principal amount for the loan.
• Interest Amount: Accrued interest amount for the loan.
• Is Paid: Checkbox indicating whether the accrued loan interest has been paid.
• Process Loan Interest Accrual is the procedure used to accrue loan interest.