In this section of credit product creation, you can configure different interest conditions for transaction types.
Click Add and enter the following parameters:
Transaction type*
List
Select the transaction types from the drop-down menu.
The interest conditions you have defined for the credit product will be applicable to the transaction types that you select here.
Grace type*
List
Select one of the following options:
Fixed period - Fixed number of days from the transaction date.
Payday - Until the next repayment date.
Infinite grace period
Grace days
Number
Enter the number of days after the payment due date has passed when the interest will be applied. Note: this field is only displayed if you select Fixed period as the Grace type.
Interest type
List
Select one of the following options:
Interest on purchase,
Interest on cash withdrawals,
Interest on amount over limit,
Interest on instalment plan termination,
Interest.
Note: this field is not displayed if you select Infinite grace period as the Grace type.
Click Add to add more types. Click the cross icon to remove conditions.
