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Account to account transfer to reduce principal on a loan

You can transfer a payment from one account to another for the purpose of reducing the principal of a current loan. From the Transfer/Loan Payments menu, select Loan Payment. 

  1. Select the account from which you want to transfer a payment.
  2. Select the account to which you want to apply the payment.
  3. Type the amount to be applied toward the principal.
  4. From the drop-down list, select the payment type.

After you have entered the information, click Submit to apply the payment.