To define the repayment conditions for the credit product, enter the following details:
Repayment rule*
List
The repayment rule determines how the credit amount will be repaid by the customer.
Select one of the following repayment rules:
Fixed principal amount, interest and fees added on top,
Percentage of outstanding balance plus interest and fees,
Fixed total repayment amount,
Total amount of previous period card payments plus interest and fees.
Min invoice amount*
Number
Enter the minimum repayment amount for which the invoice will be generated.
If the total amount of the invoice is less than the minimum invoice amount, then the principal repayment amount is increased to this minimum invoice amount.
Fee repayment method*
List
The fee repayment method refers to the type of repayment rule of the fee booking.
Select one of the following options:
INVOICE - The repayment is put on the next regular invoice.
TRANSACTION - The repayment is debited automatically from a related service account with a separate account transaction. No invoices are issued.
Min repayment amount
Number
Enter the minimum amount that will be repaid by the customer.
Min repayment rate*
Number
Enter the minimum rate for the credit card repayment.
Premature repayment allowed
Checkbox
Select this option if you want the premature repayment to be automatically processed to repay outstanding balances.
