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Period limitation

In the Loan period as number of months section, you can set the duration of the loan in months. The duration of any loan contract with this loan product should be within that period.

Period limitation parameters

Period limitation

In the Loan period as number of months section, you can set the duration of the loan in months. The duration of any loan contract with this loan product should be within that period.

Period limitation parameters

Field name

Type

Description

Min*

Number

Enter the minimum period for the loan duration in months.

Max

Number

Enter the maximum period for the loan duration in months.

Penalty

Checkbox

Select the checkbox if you want to add the penalty to the principal. Note: that the penalty has a standard setup. To learn more about penalty configuration, see the section.

Field name

Type

Description

Min*

Number

Enter the minimum period for the loan duration in months.

Max

Number

Enter the maximum period for the loan duration in months.

Penalty

Checkbox

Select the checkbox if you want to add the penalty to the principal. Note: that the penalty has a standard setup. To learn more about penalty configuration, see the section.