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Setting up basic detail (Level 1), Setting up credit arrangement, Setting…
Setting up basic detail (Level 1)
1
Product variable
Product id
Product type
Product description
Product status
Product name
Product currency
Setting up credit arrangement
1
2
Line of credit
No
Optional
Required
3
Max Tranches
Amount
Maximum
Minimum
Default
Setting up Interest Rates Methods
1
Product Type
Declining Balance
Declining Balance
(Equal Installments)
Flat
2
3
4
Posting frequency
On Disbursement
On Repayment
5
6
7
Basis
30
366
12
365
360
8
Due date
5 more items...
Balance
Payment Frequency
Amount
Source
Fixed
Indexed
Setting up Payment Interval Method
1
Dynamic type
Fixed Days of Month
DD
MM
Interval
2
instalments Constraints
Maximum
Minimum
Default
Setting up Grace Period
1
Lists
Principal Grace Period
No Grace Period
Pure Grace Period
2
Due date
First day of every week
Last day of every week
Last day of every month
On fixed dates
DD
MM
First day of every month
Setting up Rounding of Repayment Schedules
1
No Rounding
2
Round Principal
Remainder into
Last Repayment
3
Due date
First day of every week
Last day of every week
Last day of every month
On fixed dates
DD
MM
First day of every month
4
Basis
360
365
30
366
12
Setting up Rounding of Repayment Currency
1
No Rounding
2
3
Round Up to Nearest
Whole Unit
4
Due date
First day of every week
Last day of every week
Last day of every month
On fixed dates
DD
MM
First day of every month
5
Basis
360
365
30
366
12
Round to Nearest
Whole Unit
Setting up Payment Allocation
1
Methods
Horizontal Payments
Payment Schedule
Vertical Payments
Setting up Loan for group
1
Solidarity Groups
2
Pure Groups
Setting up Loan Penalties Setup
1
Arrears Settings
Days
Rate
Minimum
Default
Maximum
Percentage
2
No penalties
3
Overdue Principal
4
Overdue Principal +
Overdue Interest
5
Outstanding Principal
Setting up Product fees
1
Arbitrary fees
Yes
Contingent
Pre defined
Yes
Amount
Type
Name
Due date
First day of every week
Last day of every week
Last day of every month
First day of every month
On fixed dates
DD
MM
No
2
3
4
Payment Due Fees
Payment Due Fees
Manual Fees
Setting up Linking Savings and Loan Accounts
1
Enable linking
Yes
Linked Deposit product
Auto-Link
Auto-Create
No