Moneylender Professional - Loan Servicing Software

Fix Grace Period Tool

Grace Period Default

When you create a loan from the Loan menu, the grace period automatically defaults to 15 days on the Principal, Interest, Points and Late Fees dialog. Change the grace period by selecting Other and inputting a different value.

If later you want to revert to the 15-day default grace period, begin by highlighting the loan on the list of loans. Then click Enable Advanced Options on the Tools menu. Select Fix GracePeriod , and the grace period for that loan changes to the 15-day default.

Fix Grace Period

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