Fill in top-up parameters

Top-up parameters

To configure the top-up version, fill in the following parameters:

• Schedule re-generation rule - select the type of the loan contract re-generation rule:

  • FIXED_LENGTH - choose this if you want the contract end date to remain the same. The monthly repayment amount is increased to fit the fixed contract length.

  • FIXED_PAYMENT - choose this if you want the monthly repayment amount to remain the same. The contract end date is prolonged to fit the fixed monthly payment.

• Top-up amount - enter the top-up amount.

• Loan period - enter the loan period in months if the re-generation rule is fixed length.

• Monthly amount - enter the monthly loan amount if the re-generation rule is fixed payment.

• Payment day - enter the new payment day date.

• Interest rate - enter the interest rate.

• Fee - enter the fee amount if applicable.

• Change reason - select the loan contract change reason: OTHER.

Payment data

After filling up the top-up information, fill in the payment instruction details:

You can create multiple draft top-up versions. Once the borrower accepts the conditions of one of the offerings, activate that contract version. And the system will cancel other draft versions.