Enable down payment

To enable down payments, the loan product must be an instalment loan, and the disbursement rule must be set to Fully at activation when creating the loan product.

Once the disbursement rule is set to Fully at activation, select the Down payment required checkbox in the Down payment section to enter the required details shown below.

Before you fill in the rates, define how the down payment will be handled:

• Internal down payment: collected and tracked in the Tuum.

• External down payment: paid outside the Tuum and only recorded here (enable Down payment paid externally).

This choice affects which fields apply (for example, the Down payment default rate is internal-only).

Screenshots of internal and external down payment forms

Down payment parameters

Parameter	Description
Down payment required	A checkbox used to enable or disable the down payment feature for this loan product.
Min down payment rate *	Specifies the lowest allowable down payment percentage (for example, 10%).
Max down payment rate *	Specifies the highest allowable down payment percentage (for example, 90%).
Down payment default rate *	The default down payment percentage for this product. This is the first place where the down payment rate is defined, and it is pre-filled by default for loan applications, offers, and contracts created for the product. The value must be within the range set by min down payment rate and max down payment rate. Note: This option applies only to internal down payments.
Down payment paid externally	When selected, the system assumes the down payment was completed outside the platform (for example, directly between the dealer and the customer). Internal payment verification is skipped. Note: This option is available only when Down payment required is enabled.