Loan Extensions/Modifications (1)

Screen ID:  Screen Title:  Panel Number:

PLNRF-01 Loan / Open Credit Refinance 1246

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Access this screen by selecting Tool #507: Loan Extensions and Modifications.

Helpful Resources

Visit Show Me the Steps for easy instructions on how to use CU*BASE to complete tasks related to modifying existing loans.

Screen Overview

This screen is used to change the parameters of an existing loan, such as to:

• Change the loan payment frequency.

• Lower the loan payment amount.

• Increase the loan payment amount.

• Lower the interest rate on an existing loan.

IMPORTANT NOTE: This does not re-amortize the loan.

Enter the account number and suffix and press Enter to move to the second loan extension/modification screen.  Learn more about the feature on the topic for the next screen.