Change Loan Interest Rate

These steps explain how to change the interest rate on a member's loan.

1. Launch Tool #20 Update Account Information.

2. Enter the member's account number on the Sub-Account Maintenance pop-up.

3. Click the forward arrow.

4. Select the desired loan account on the Existing Account Maintenance screen.

5. Click Select.

6. Enter the desired rate in the Interest rate field in the middle column on the Account Information Update (Loans) screen.

7. Click the forward arrow.