This feature is now live on our website the new feature will show a breakdown in separate tabs under the ‘My Loans’ page of the following:
- The total amount of interest that is accruing on loan parts for loans that are in term (IOA) that is to be credited at the end of each month. This will calculate your accrued interest daily.
- For loans that are out of term (i.e overdue for repayment, when the repayment date goes past 0 days, interest status that indicates IA or non-performing loans). The new feature will show your accrued interest that may be credited on overdue/ non-performing loans if sufficient funds are recovered.
In order to view this new feature on your account, please see here.