Hello Experts.
Please provide me with your inputs on product types to be used for foreign currency loan borrowed with multiple repayments schedule
For Ex:
I took foreign currency loan on 1st July 2013 - 10000$ @ 1% interest.
Now I need to make payment of 2500$ after every six months.
Like 2500$ on 1st January 2014
Another 2500$ on 1st July 2014
Third installment 2500$ on 1st January 2015
Final part 2500$ on 1st July 2015.
How do i map above scenario?. Is there some separate product type for such scenario. At present, I am using product type 55A which has one end term.
Please provide with your inputs.
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Deepak