Contract change type*
List
Select the type of contract change from the list:
Change limit,
Change monthly repayment amount,
Change fee conditions,
Change payment free months,
Customise schedule,
Change loan period,
Change interest rate,
Change repayment conditions.
Change reason*
List
Select the loan contract change reason from the list:
Corona,
Death,
Laid off,
Sick leave,
Unemployment,
Other.
Fee*
Number
This is a non-editable field displaying the total activation fee applicable to the selected contract change type. The fee is calculated based on the loan product configuration. If no activation fees apply, the value is 0.
Note: to modify the fee settings, update the loan product configuration: Loans > Loan Products > Find the loan product > Update.
Apply fee
Checkbox
Select the checkbox if you want to apply the fee.
Customer solvency level*
List
Select the level of customer ability to meet long-term debts and obligations:
Normally performing credit,
Change is due to the customer’s slightly weakened ability to pay,
Change is due to the customer’s seriously weakened ability to pay,
Change is due to prevent credit going to non performing credit.
New loan period*
Number
Enter a new loan period in months. Note: this parameter is only used with the change loan period type.
New interest rate*
Number
Enter a new interest rate value. Note: this parameter is only used with the change interest rate change type.
New repayment amount*
Number
Enter the new repayment amount. Note: this parameter is used only with the change repayment conditions change type and change monthly repayment amount.
New payment day*
Number
Enter the new payment day when the loan payment is made. The value should be from 1 to 28. Note: this parameter is used only with the change repayment conditions change type.
New margin rate*
Number
Enter a new margin rate. Note: this parameter is used only with the change interest rate change type.
New limit*
Number
Enter a new limit amount. Note: this parameter is used only with the change limit change type.
Payment free months*
List
Select the payment free months. Note: this parameter is used only with the change payment free months change type.
Schedule re-generation rule*
List
Fixed payment -
the amount of instalments remains the same as in the original contract version if change interest type is selected.
the amount of instalments can be updated and new monthly repayment amount is set if the change repayment conditions type is selected.
Fixed length - the contract scheduled length remains the same as in the original contract version.
Fixed payment and length -
the amount of instalment and the contract length remains unchanged if change interest type is selected. The difference between the amounts after re-generation is assigned to the last payment in the loan repayment schedule - fixed payment length rule.
the amount of instalments and contract length can be updated if the change repayment conditions type is selected.
Note: this parameter is used for the change repayment conditions contract and change interest rate change types.
Exceptions from regular rate
Plus icon
Click the plus icon to add exceptions from the regular rate. Note: this parameter is used for the change interest rate change type.
Exceptions from regular rate:
Type*
List
Select exceptions from the regular rate:
Interest leave - sets conditions when the borrower does not pay the interest for defined period.
Temporary rate - set a temporary rate for the loan contract.
Note: this parameter is used for the change interest rate change type.
Exceptions from regular rate:
Interest rate*
Number
Enter the temporary interest rate. Note: this parameter is used for the change interest rate change type when a temporary rate exception is selected.
Exceptions from regular payment amount
Plus icon
Click the plus icon to add exceptions from the regular payment amount. Note: this parameter is used for the change repayment conditions change type.
Exceptions from regular payment amount:
Type*
List
Select the exceptions from the regular payment amount:
Payment leave - sets up a payment holiday without repayments,
Instalment leave - sets up a payment holiday with the interest repayments only,
Payment amount - sets up a payment holiday with a predefined repayment amount.
Note: this parameter is only used for the change repayment conditions contract change type.
Exceptions from regular payment amount:
Amount*
Number
Enter the payment amount. Note: this parameter is used for the change repayment conditions change type when a payment amount type exception is selected. when the type is payment amount.
Exceptions from contractual fee amount
Plus icon
Click the plus icon to add exceptions from the contractual fee amount. Note: this parameter is only used for the change fee conditions contract change type.
Exceptions from contractual fee amount:
Exception fee amount*
Number
Enter the exception fee amount. Note: this parameter is only used for the change fee conditions contract change type.
Start date*
Date
Select the exceptions start date. Note: this parameter is used to set up exceptions from contractual fee amount, exceptions from regular payment amount, and exceptions from regular rate.
End date (last excl.)
Date
Select the exceptions end date. Note: this parameter is used to set up exceptions from contractual fee amount, exceptions from regular payment amount, and exceptions from regular rate.
Note: the is a lookup parameter, and its values can be configured.
Note: the is a lookup parameter, and its values can be configured.