Products

About Products

A product is a financial offering by a financial institution to its clients. Products are set up once and are then available to qualifying clients (individuals, groups, and centers).

Financial institutions can set up and configure:

• ​Loan Products​

• Deposit Products:

  • ​Savings Products (current and saving accounts)

  • ​Share products​

  • Term deposit products

    • ​Fixed Deposit Products​

    • ​Recurring Deposit​

Each product may have one or more associated charges (i.e. fees and penalties). These charges need to be defined before they can be associated with a product. To learn about charges see Charges.

Your system administrator will define which users are able to define products, charges and product mix.