General parameters

Product code*

Text

Enter a unique loan product identifier. It is used to identify your loan product in the system.

Description*

Text

Enter the name of the loan product. The description is visible under the loan products list.

Product group*

List

Revolving

Checkbox

The checkbox is auto-selected if the selected product group type is revolving.

Loan class code

List

Reporting product code

List

Select the reporting product code.

Schedule*

List

Schedule customisation allowed?*

List

Select if the loan schedule customisation is allowed or not. Note: this field is available if the unsecured or general secured loans are selected as a product group.

Status*

Displayed

Status indicates the product status after the activation. The default value is ACTIVE.

Currency*

List

Select the loan currency from the list.

Country*

List

Select the country where you offer the loan product to the borrowers. You can choose a value from a predefined list.

Contract number prefix*

Text

Enter the contract number prefix. It is used to generate the loan contract number.

Organisation unit*

List

Select the tenant where the loan is offered to the borrowers. Enter a value if you would like to offer this loan product only for a specific branch.

Scoring valid days

Number

Enter the number of the scoring days validity. If the loan contract is not signed by then, the application, the offer and the contract draft are cancelled.

Offer valid days*

Number

Enter the number of days when the loan offer is valid. If those days are passed, the offer is terminated. And a new offer should be created to activate the loan contract.

Default days

Number

Enter the number of days after the start of the debt contract is defaulted.

Blocked days*

Number

Enter the number of days after the start of debt when the contract is blocked. Note: it is relevant for Overdraft loans without internal account product.

Capitalised contract conclusion fee*

List

Select whether the contract conclusion fee is capitalised to loan principal amount or not. The possible values are:

• Yes,

• No.

Schedule re-generation rule

List

Select which type of rule is followed for the repayment schedule if the contract is changed. Possible values:

• Fixed length - during schedule re-generation, the system keeps the schedule length the same as in the original loan contract.

• Fixed payment - during schedule re-generation, the system keeps the instalments the same as in the original loan contract.

• Fixed payment and length - during schedule re-generation, the system keeps the instalments and length the same as in the original loan contract. The difference between the amounts after re-generation is assigned to the last payment in the loan repayment schedule.

Limit usage end

List

Select the rule for limit usage date calculation:

• Contract End - limit is available for usage until the end of the contract.

• Contract Activation - limit is available for use only on activation.

Note: the parameter is relevant for overdraft loans without internal account product and instalment loans.

Max payment free months

Number

Enter the number of the payment free months per year that can be added to the loan contract.

Minimum month between

Number

Enter the number of months that should be in between the payment free months added to the loan contract.

Service account rule*

List

Select the rule defining if the service account is required for a contract. The parameter defines if the service account is generated automatically, or it can be left undefined.

• Shadow account created,

• Current account required,

• No service account.