diff --git a/erpnext/loan_management/doctype/loan/loan.js b/erpnext/loan_management/doctype/loan/loan.js
index 38328e69674..c386ce3ac07 100644
--- a/erpnext/loan_management/doctype/loan/loan.js
+++ b/erpnext/loan_management/doctype/loan/loan.js
@@ -103,6 +103,14 @@ frappe.ui.form.on('Loan', {
 		frm.trigger("toggle_fields");
 	},
 
+	repayment_schedule_type: function(frm) {
+		if (frm.doc.repayment_schedule_type == "Pro-rated calendar months") {
+			frm.set_df_property("repayment_start_date", "label", "Interest Calculation Start Date");
+		} else {
+			frm.set_df_property("repayment_start_date", "label", "Repayment Start Date");
+		}
+	},
+
 	loan_type: function(frm) {
 		frm.toggle_reqd("repayment_method", frm.doc.is_term_loan);
 		frm.toggle_display("repayment_method", frm.doc.is_term_loan);
diff --git a/erpnext/loan_management/doctype/loan/loan.json b/erpnext/loan_management/doctype/loan/loan.json
index aa8ab022188..86d4bd1b573 100644
--- a/erpnext/loan_management/doctype/loan/loan.json
+++ b/erpnext/loan_management/doctype/loan/loan.json
@@ -20,6 +20,7 @@
   "manually_update_paid_amount_in_salary_slip",
   "section_break_8",
   "loan_type",
+  "repayment_schedule_type",
   "loan_amount",
   "rate_of_interest",
   "is_secured_loan",
@@ -167,7 +168,8 @@
    "depends_on": "is_term_loan",
    "fieldname": "repayment_start_date",
    "fieldtype": "Date",
-   "label": "Repayment Start Date"
+   "label": "Repayment Start Date",
+   "mandatory_depends_on": "is_term_loan"
   },
   {
    "fieldname": "column_break_11",
@@ -413,22 +415,35 @@
    "label": "Is NPA"
   },
   {
+<<<<<<< HEAD
    "allow_on_submit": 1,
    "default": "0",
    "depends_on": "repay_from_salary",
    "fieldname": "manually_update_paid_amount_in_salary_slip",
    "fieldtype": "Check",
    "label": "Manually Update Paid Amount in Salary Slip"
+=======
+   "depends_on": "is_term_loan",
+   "fetch_from": "loan_type.repayment_schedule_type",
+   "fieldname": "repayment_schedule_type",
+   "fieldtype": "Data",
+   "label": "Repayment Schedule Type",
+   "read_only": 1
+>>>>>>> 2ddee50f27 (chore: Update labels as per repayment type)
   }
  ],
  "index_web_pages_for_search": 1,
  "is_submittable": 1,
  "links": [],
+<<<<<<< HEAD
 <<<<<<< HEAD
  "modified": "2022-09-13 02:05:25.017190",
 =======
  "modified": "2022-09-29 11:50:31.957360",
 >>>>>>> 76c6ccab5d (feat: Repayment schedule types for term loans)
+=======
+ "modified": "2022-09-30 10:36:47.902903",
+>>>>>>> 2ddee50f27 (chore: Update labels as per repayment type)
  "modified_by": "Administrator",
  "module": "Loan Management",
  "name": "Loan",