Principal
With the set of parameters for the principal, you can define the principal amount range. The borrower can apply only loan amounts within the minimum and maximum range for this loan product. The principal is relevant for overdraft loans without internal account product.
Principal parameters
Minimum loan amount*
Number
Enter the minimum loan amount.
Maximum loan amount*
Number
Enter the maximum loan amount. Note: that the last number from the maximum loan amount is excluded.
Minimal withdrawal type*
List
Select the minimum withdrawal type:
Fixed,
Percentage.
Minimal withdrawal amount/rate*
Number
Enter the minimum withdrawal amount.
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.
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