Period limitation

In the Loan period as number of months section, you can set the duration of the loan in months. The duration of any loan contract with this loan product should be within that period.

Period limitation parameters

Field name	Type	Description
Min*	Number	Enter the minimum period for the loan duration in months.
Max	Number	Enter the maximum period for the loan duration in months.
Penalty	Checkbox	Select the checkbox if you want to add the penalty to the principal. Note: that the penalty has a standard setup. To learn more about penalty configuration, see the penalty section.