Configuring frequency during initial contract creation

You can configure the repayment frequency if you are creating a contract directly, without a preceding offer, or finalising an existing draft. Set it in the Repayment conditions section before activating the contract.

To configure the repayment frequency during initial contract creation, go to the relevant section:

• Manual contract draft creation

• Draft contract editing

Manual contract draft creation

To configure the custom repayment frequency, follow these steps:

1. Create a new contract draft for the selected credit line product.

2. On the Create loan contract page, specify how often repayments are made by selecting the repayment interval unit. In this example, repayments are made semi-monthly.

3. Enter the payment frequency count to define the length of the interval when the selected unit supports it. In this example, the unit is set to semi-month, so the payment frequency count field is not editable because this schedule uses two payment days per month.

4. Provide any additional required inputs based on the selected frequency unit. In this example, the primary payment day is 1, and the secondary payment day is 15.

5. Finish entering the required details, then click Create.

1. The draft contract is created and can be edited.

Draft contract editing

To update the draft contract repayment setup, follow these steps:

1. Find the draft loan contract.

2. On the Version (Draft) tab, scroll down to the Repayment conditions section and click Edit.

1. You can:

   • Update the repayment amount and currency.

   • Add temporary repayment conditions.

   • Update the primary and secondary payment days.

   • Apply fee at version activation (if applicable).

   • Add payment-free months (if applicable).

2. After making your updates, click Save.

1. The repayment schedule is now updated.

1. You can now edit the draft again, cancel the draft contract, or click Confirm draft to activate the loan contract.