Create a Loan - Single Period Payment - Closing and Maturity Date

The Single Pay Period payment frequency loan is used when the borrower will make one loan payment at some future date and will pay the entire principal and interest on this date.  For this payment frequency the first thing we collect is Closing Date and Maturity Date:

Closing Date: The date that interest will start being charged. Generally, this is the date that the loan funds are received by the borrower. If you have an existing loan that you are putting onto the Bryt system, this would be the date interest was paid through (i.e. the end of the prior month).

Maturity Date: The last date the loan will accrue interest. The following day will be the loan's due date.