Set up penalty grace days and amount

To set up Penalty grace days and Penalty grace amount:

1. Find and access the loan product configuration page.

2. Find the Invoice rules section and modify the settings.

the default values for a new loan product are:

• 0 grace days - which means that the penalty starts calculating from the first day;

• 0 penalty amount - the penalty is calculated even if the unpaid overdue amount is 0.01.