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.