Instalment plan type*

Text

Enter a name for the instalment plan type that you are creating.

Description*

Text

Enter a description for the instalment plan type.

Credit type*

List

Select a credit type from the drop-down menu.

Fee calculation rule

List

The defined rule for calculating the instalment plan fee.

Select one of the following values:

• PERCENTAGE - The fee is a percentage of the instalment plan principal balance.

• FIX - The fee is a fixed amount.

First payment lag days*

Number

The minimum number of days that must be between contract activation and the first invoice date or first invoice due date.

Enter a value between 1 - 31.

Interest calculation rule

List

The defined rule for calculating the instalment plan interest. Select one of the following values:

• ACTUAL/360

• ACTUAL/365

• 30/360

• ACTUAL/ACTUAL

Number of repayments*

Number

Enter the instalment plan repayment period.

Reporting product code

List

Select a reporting product code from the drop-down menu.

The code represents the category of product or service for management reporting purposes. For more information, see .

Valid from* Valid until date

Date

Select the date range from which the plan type is valid after creation.