Loan product setup

While configuring a new loan product or updating an existing one, you can choose the repayment method for automatic capitalisation.

To configure the fee repayment method, go to:

1. Loans > Products > Loan products.

2. Create a new product or find an existing one you want to update.

3. Scroll to the Fees section:

For new products

For existing products

• Click the Add fee button.

• Find an existing fee and click the Edit button.

1. In the fee setup screen, configure the How fee is repaid parameter:

1. When adding a new fee, click Add new. When editing an existing fee, click Apply.

Check automated capitalisation and deduction

If the capitalisation is defined on a product level, it will occur automatically, and you can check the capitalisation/deduction details:

1. In the capitalisation search menu - you will find the automated loan capitalisation details.

1. In the payouts search menu - the details of the payout will display the original and adjusted (after the capitalisation/deduction) amount.

1. In the invoices search menu - you will find the capitalisation/deduction invoice and loan events information by searching with the Type code value ONE_TIME.

1. In the loan contract components list - you will see the capitalised/deducted principal amount.