Mobile Field Officer Applications
Payment and Process Orchestration
Core Banking & Embedded Finance
Application Framework
Loan Product Fields—Additional Fields for Loans with Variable Terms based on Loan Cycle

Loan Product Fields—Additional Fields for Loans with Variable Terms based on Loan Cycle

I raised an issue regarding the inconsistent use of terminology (i.e., loan cycle vs borrower cycle).
Multiple variations for a Borrower Cycle can be set up for:
  • Principal amounts (minimum, default, maximum)
  • Number of Repayments (minimum, default, maximum)
  • Interest rate (minimum, default, maximum)

Principal Variation for Borrower Cycle

To add Principal Variations, click Add until there are sufficient rows for the principal variations required.
Complete a row for each principal variation.
Field name (attributes)
Description
Example
Validations (if applicable)
Logical operator
Select equals or greater than from the drop-down list.
Borrower cycle
Identify the Borrower cycle (see Glossary) affected by the principal variation.
Minimum
The minimum principal amount.
Default
The default principal amount.
Maximum
The maximum principal amount.
Number of Repayments Variation for Borrower Cycle
To add number of Repayments, click Add until there are sufficient rows for the number of repayments variations required.
Complete a row for each number of repayments variation.
Field name (attribute)
Description
Example
Validations (if applicable)
Logical operator
Select equals or greater than from the drop-down list.
Borrower cycle
Identify the Borrower cycle (see Glossary) affected by the number of Repayments variation.
Minimum
The minimum number of repayments.
Default
The default number of repayments.
Maximum
The maximum number of repayments.
Interest Rate Variation for Borrower Cycle
To add Interest Rate variations, click Add until there are sufficient rows for the number of interest rate variations required.
Complete a row for each interest rate variation.
Field name (attribute)
Description
Example
Validations (if applicable)
Logical operator
Select equals or greater than from the drop-down list.
Borrower cycle
Identify the Borrower cycle (see Glossary) affected by the Interest Rate variation.
Minimum
The minimum interest rate.
Default
The default interest rate
Maximum
The maximum interest rate
Scenario One: Variations will apply to the third and fourth loan accounts of this loan product for a client.
Implementation:
  1. 1.
    Principal Variations:
    1. 1.
      Add two rows to the Principal Variations for Borrow Cycle section
    2. 2.
      In the first row, select equal from the drop-down box
    3. 3.
      Type the number 3 into the borrower cycle field
    4. 4.
      Type the minimum, default, and maximum principal amounts for borrower cycle three
    5. 5.
      In the second row, select equal from the drop-down box
    6. 6.
      Type the number 4 into the borrower cycle field
    7. 7.
      Type the minimum, default and maximum principal amounts for borrower cycle four
  2. 2.
    Repeat the steps above for number of repayments and interest rate as applicable.
Scenario Two: Variations will apply to all loan accounts of this loan product after the first loan account for a client.
Implementation:
  1. 1.
    Principal Variations:
    1. 1.
      Add one row to the Principal Variations for Borrow Cycle section
    2. 2.
      In the first row, select greater than from the drop-down box
    3. 3.
      Type the number 1 into the borrower cycle field
    4. 4.
      Type the minimum, default, and maximum principal amounts for borrower cycle three
  2. 2.
    Repeat the steps above for number of repayments and interest rate, as applicable.
Last modified 2yr ago
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