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So, in a simplified way, if the system says the Repayment Mode A shall allocate funds to Purpose1, Purpose2, Purpose3, and Purpose 4, the system will first try to cover Purpose1 in full. If there is a leftover, it will move on to Purpose2. And so on.
It is possible to:
Create repayment modes for each credit product and define the default mode
Select repayment mode when registering a payment manuallyWhen registering a payment, the Back-Office user can select repayment mode manually
There are default modes that are always available
The system administrator can also create new repayment modes
If the funds are charged automatically, the default mode is applied.