I'd like to allow users to make only maintenance payments through the ADDA app without paying interest. How to accomplish this on ADDA?
In accordance with standard practice in all communities, it is essential to collect both interest and maintenance fees due from the residents. This method ensures that defaulters follow their obligations to pay both outstanding interest and maintenance fees.
Allowing residents to opt for maintenance payments without including interest may inadvertently encourage some to avoid settling their interest obligations, resulting in a financial loss for the association.
To uphold best practices and protect the financial health of your community, ADDA strongly recommends that users pay both maintenance and associated interest amounts in full.