Payment Waterfall Allocation

Strict payment allocation order ensuring proper debt recovery

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About This Feature

Payments are automatically allocated following a strict waterfall priority: Penalty charges first, then Fees, then Interest, and finally Principal. This ensures proper debt recovery and compliance with lending regulations.

Key Capabilities

  • Automatic allocation following Penalty → Fees → Interest → Principal
  • Detailed allocation breakdown for each payment
  • Support for partial payments across multiple installments
  • Automatic loan closure when balance reaches zero
  • Full audit trail of all payment allocations
  • Backdated payment support with proper allocation

Payment Waterfall Allocation

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See It In Action

Payment allocation breakdown

Payment allocation breakdown

Waterfall allocation showing priority order

Waterfall allocation showing priority order

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