Moneylender 3 Professional - Loan Servicing Software

User's Guide and
Documentation


Bulk Interest Rate Change

Screenshot of the bulk rate change window for updating the interest rate on multiple loans.

Find this window from Tools > Bulk Change Interest Rate.

You can use this tool to set the interest on all currently selected loans to a specific rate.

Effective Date - Choose the date when the new rate will take effect on all selected loans. If there is already a rate setting in this date, the rate setting will be changed to the new rate. If no rate setting exists for the target date, a new rate setting, with the details from the previous rate setting (such as follow payment, schedule, etc.) will be created.

New Interest Rate - The rate to set on the new or existing rate setting for the effective date.

Set all future rate settings to this rate – check the box and any rate settings that begin after the effective date will have their rate updated to the rate on this dialog.

Update Rates – click to set the rates on all selected loans. Because this is a bulk operation that may have far-reaching consequences, you will be asked to confirm the operation before the rates are changed.

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