Late interest and Not paid
What a late customer owes today, and how to forgive it.
How it counts
From the day after the due date, the loan is priced again for all the days the customer has held the money, with the same rule as a new loan. Late interest = that new interest − the interest agreed. On the original amount only: no fees, no interest on interest.
Example: GH₵ 1,000 for 1 month (25%), paid 15 days late = 1 month 15 days = 40%, so GH₵ 150 of late interest.
The Not paid page
Who hasn't paid, when they should have, how many days late, and what each one owes today. Call or WhatsApp them from the list.
Forgive or pause it
On a loan, ⋯ → Late interest: Reset (remove it), Pause until a date, set a Custom %, or Resume. The amount forgiven is kept in the reports.
Still stuck? WhatsApp DSB.