Loan offer parameters
Here are the parameters for the loan offer. Mandatory fields are marked with a red asterisk (*).
Create loan offer
Organisational unit *
Select the organisational unit where the loan is offered to the borrowers.
Loan type *
Select the loan product.
Country *
Select the country where you offer the loan to a borrower. You can choose a value from a predefined list.
Note: The country code of the loan offer must match the country code defined for the selected loan product.
Servicing account
Select the account for servicing the loan.
Note: This field is required if the loan product's service account rule is set to Current account required.
Requested loan amount *
Enter the requested loan amount and select the currency.
Note: The requested amount must be within the range specified for the selected loan product, and the currency of the loan offer must match the currency code of that product.
Offered loan amount *
Enter the offered loan amount. The currency will match the requested loan amount automatically.
Note: The offered amount must be within the range defined by the selected loan product.
Repayments are made after every
Specify how often repayments occur by entering the number of occurrences within a period and choosing the period type.
Available options are:
Day;Week;Semi-month;Month.
Payment day *
Enter the payment day according to the selected payment frequency unit:
Month or Semi-month: Enter a value from 1 to 28.
For semi-month, also enter a secondary payment day. The difference between the Payment day and Secondary payment day must be at least 5 days.
Week: Select a day from Monday to Sunday.
Day: Payment day is not applicable.
Loan purpose *
Enter the loan purpose.
Application score *
Enter the loan application score.
Sale channel code
Enter the sales channel code to apply channel-specific pricing.
Cost of funds
Enter the cost of funds.
Note: This field is displayed if the loan product includes an Upfront component. The label name is dynamically determined based on the client’s configuration (e.g. Profit rate, Cost of Funds, or another custom name).
Interest rate
Enter the interest rate.
Note: Must be a number between 0 and 100. This field is displayed if the loan type has interest type set as Fixed.
Margin rate
Enter the fixed margin added to the reference rate when floating interest is selected.
Note: This field is displayed if the loan type has interest type set as Floating.
Repayment amount *
Enter the amount that will be regularly repaid by the customer.
Note: This field is required if the loan product’s schedule re-generation rule is set to Fixed payment.
Repayment rate *
Enter the percentage of the principal balance to be repaid according to the repayment schedule.
Note: This field is displayed and required if the loan product is a credit line or a revolving credit line, and the repayment amount rule is set to Percentage of principal balance.
Max invoice amount
Enter the maximum invoice amount. Note: This field is displayed if the loan product is a credit line or a revolving credit line with the repayment amount rule = percentage of principal balance.
Min invoice amount
Enter the minimum invoice amount. Note: This field is displayed if the loan product is a credit line or a revolving credit line with the repayment amount rule = percentage of principal balance.
Repayment channel
Select the repayment channel.
Note: If no channel is selected, the loan product’s default repayment channel will be used.
Payment free months
Select the payment-free month from the list.
Note: The selection must comply with the loan product’s max payment-free months and minimum months between settings.
Loan period
Enter the loan period in months.
Note: This field is displayed if the loan term rule attribute of the loan product is set to PERIOD_IN_MONTHS.
Number of payments
Enter the number of loan payments.
Note: This field is displayed if the loan term rule attribute of the loan product is set to PERIOD_IN_MONTHS.
Limit usage date *
Enter the last date the borrower can access funds under the approved loan offer.
Note: This field is displayed and required if the loan type has limit usage end set as Specific date.
Contract end date *
Enter the loan contract end date.
Note: This field is displayed and required if the loan type has loan term rule set as Specific date.
Fees
Fee parameters depend on the loan product configuration. They become visible on the Create loan offer page once all mandatory fields under Pricing are completed and the sale channel code is entered.
Fee type
The fee type applied to the loan offer. This parameter is filled automatically and is not editable.
Amount *
The fee amount. This parameter is filled up automatically based on the loan product pricing configured for the predefined offer parameters; the amount itself can be edited.
Amount calculation rule
The rule used to calculate the fee amount. This parameter is filled automatically and is not editable.
Payment instructions
These parameters appear in the modal after clicking 
Add once the offered loan amount has been entered.
Payment channel *
Select a payment channel from the dropdown list. The available options correspond to the configured loan type.
Counterparty name
Enter the counterparty name.
Note: This field is not mandatory in all cases.
Beneficiary account ID *
Click Search to find an account. From the search results, select the required account by clicking on its account number.
Note: This field appears when a payment channel with this parameter configured is selected.
Beneficiary account number *
Enter the beneficiary account number.
Note: This field appears when a payment channel with this parameter configured is selected.
Bank code *
Enter the numerical code that identifies the bank for transactions.
Note: This field appears when a payment channel with this parameter configured is selected.
Payment amount *
Enter the payment amount.
Note: If the offered loan amount has been entered, the payment amount is filled automatically here.
Payment reference number
Enter the payment reference number.
Details
Enter the payment details.
Custom fields
To add custom fields to the loan offer, click Add custom fields. For more information on managing custom fields, see Custom fields.
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