Loan Payment Frequencies

Quick References Teller Transactions Codes Loan Payment Frequencies

These codes define the frequency of loan payments.

Code Description
1 Monthly, during the month
M Monthly, end of month (system advances to next actual month-end date)
W Weekly (52 payments per year)
B Bi-Weekly (26 payments per year)
F Semi-Monthly (24 payments per year)
3 Every 3 months (4 payments per year)
Q Quarterly (4 payments per year at each quarter end)
6 Every 6 months (2 payments per year)
S Semi-annually (2 payments per year on June 30 and December 31)
Y Yearly (once every 12 payments; date cannot be February 29th)
A Annually on December 31st
U Unscheduled