Fees
Set up a new fee
Press the Add Fee button.
Fee adding screen is displayed.
Enter all the required information. See the fees parameters below.
Select Add to insert fee to the loan product.
Fee type*
List
Select a predefined name of the fee that describes the fee reason.
Fee amount calculation rule*
List
Select the fee calculation method. Predefined values available:
Fixed - if a fixed amount is applied.
Percentage of loan amount - if the fee amount is calculated based on the percentage.
Percentage of loan amount distributed over the schedule - if the fee amount is calculated based on the percentage; and the payments are distributed over the schedule.
Fee amount is fixed on an offer
List
The predefined field. The predefined value is set automatically. The possible values are:
Yes,
No.
When fee is booked*
List
Select the rule that defines when the fee is booked. You can choose a value from a predefined list:
One-time fee,
At contract activation,
With a loan amount disbursement,
Periodic fee booked at the beginning of each period,
At contract defaulting.
How the fee is repaid*
List
Select the rule that defines how the fee is repaid. You can choose a value from a predefined list:
Fee needs to be repaid instantly after booking it,
Fee is repaid with the next upcoming regular payment, put on the next regular receivable.
Deferred revenue recognition rule*
List
Select the conditions when the revenue is recognised. You can choose a value from a predefined list:
Fixed period days,
Remaining loan term,
Monthly scheduled period.
Deferred accrual period*
Number
Enter the number of days for the deferred accrual period. Note: this field is applicable if the Deferred revenue recognition rule = Fixed period days.
Change type codes*
List
Select the fee change code. Note: multiple choice is allowed; this field is related to the When fee is booked parameter At activation.
Last updated
Was this helpful?