Pricing
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In the loan product pricing section, you can define pricing parameters for different loan components and associated penalties. The configuration elements will appear in the pricing section as per your selection for different loan components and associated penalties.
Only the Interest component can be configured in the pricing section if you have not added any fee component to the loan product.
If you prefer a simple rule setup, keep the Pricing rule FIXED and assign the parameter Default value with the intended numeric value. To illustrate, see the example below, where the Contract changing fee has assigned a Default value of EUR 150.
See another illustrative example below, where the Pricing rule for the Contract conclusion fee is set to Amount, and the detailed set of parameters is visible at the bottom of the Pricing section.
You can increase the pricing rule sophistication level by selecting the Pricing rule combined value like in the following example, where the Pricing rule for the Interest is set to Score+amount.
Component*
List
The predefined parameter. The available value:
Interest.
Pricing rule*
List
Select the pricing rule. The available values:
FIXED,
CHANNEL,
SCORE,
AMOUNT,
PERIOD,
CHANNEL+SCORE,
CHANNEL+SCORE+AMOUNT,
CHANNEL+AMOUNT+PERIOD,
CHANNEL+SCORE+PERIOD,
CHANNEL+SCORE+AMOUNT+PERIOD,
SCORE+AMOUNT+PERIOD,
AMOUNT+PERIOD,
SCORE+AMOUNT,
SCORE+PERIOD.
Default interest rate*
Number
Enter the default interest rate.
Min Score
Number
These parameters indicate the score range to which the borrower credit score should fall.
Max Score
Number
These parameters indicate the score range to which the borrower credit score should fall. Note: Max Score last number is excluded.
Min Amount*
Number
Enter the score range to which the borrower loan application/offer principal amount should fall.
Max Amount*
Number
Enter the score range to which the borrower loan application/offer principal amount should fall.
Note: Max Amount last number is excluded.
Interest rate*
Number
Enter the interest rate (annual) or margin rate (depending on if it is fixed or floating interest type) percentage corresponding to the given score, amount.
Min Period*
Number
Enter the minimum and maximum loan period for a given score and loan amount.
Max Period*
Number
Enter the minimum and maximum loan period for a given score and loan amount.
Note: Max Period last number is excluded.
When you define fees in the , for example, Contract conclusion fee and Contract changing fee, these fees also become configurable in the Pricing section.
To fill in the for each loan component, select the Pricing rule. The chosen option determines the set of parameters for component pricing configuration.
When you need a more sophisticated set of pricing rules, select some other value for the Pricing rule. The detailed set of parameters opens below the list of components in the particular tab. Click on the add icon to add more parameter set rows, or click the cross icon to remove one.
To get detailed information about the available pricing parameter options, refer to the table below.
