Once the loan has been approved, the agreement has been signed (if required) and the lender has disbursed funds to the customer, the customer can start making payments to cover the loan and related charges. All such payments will be distributed in compliance with the chosen repayment mode. Very often, it is convenient for the customer to connect the bank account or card and have the system automatically charge those payments.
...
As soon as this has been done, the payments will be automatically charged from the client's client’s bank account or card. If there are not enough funds on the bank account or card, the system will behave in compliance with the configuration settings (continue attempts or turn off automatic charging for this client after several failures).
...
Disable or enable automatic charging for a specific loan (see Disable/Enable Automatic Charging for a Specific Loan )
Add a custom transaction to be charged from the customer’s bank card or account (see Custom Transactions )
Suspend charging from the customer’s bank card or account for a specific period of time for all transactions except the custom transactions. (see Suspended Transactions )