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Book new loan contract fee parameters

Here are the parameters for loan contract fee bookings. Mandatory fields are marked with a red asterisk (*).

Field name
Description

Fee type *

Select the fee type. The available options depend on the loan product setup and may include:

  • ADM - Account administration fee;

  • CERFTIFICATE_FEE - Loan certificate fee;

  • CHANGE_FEE - Contract change fee;

  • COF - Contract conclusion fee;

  • DISBURSEMENT_FEE - Disbursement fee;

  • REMINDER_FEE - Reminder fee;

  • BILLING_ADMINISTRATION_FEE - Billing administration fee.

Fee subtype

Select the fee subtype.

Note: The list of available fee subtypes is configurable.

Effective date *

Select the date on which the fee must be reversed.

Amount *

Enter the fee amount.

Repayment type *

Select the repayment type. The available options are the following:

  • CAPITALIZED - The fee is capitalised into the principal balance.

  • INSTANT - The fee must be repaid immediately after it is booked.

  • WITH_NEXT_PAYMENT - The fee is repaid with the next scheduled regular repayment and added to the next regular receivable.

Details

Enter any additional details related to the fee booking.

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