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4. Enter the name of your new credit product and specify its settings.
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Note that some fields are required, such as Name, Loan Type, Type of Calculation, Periodicity, etc. |
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5. Click OK to create and/or save the Credit Product.
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In case Light mode doesn't cover all your requirements to the credit product, you can use Advanced mode to surely address them. In this mode, the lender can set fully custom payment schedule rules and logic as well as all the loan terms. It is easy to add Classic, Bullet, Flat interests, and any other create any known schedule type, or a completely unique one. The
The Advanced mode doesn't have pre-defined templates, but instead provides flexibility to create an enormous number of different credit products.
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To change the mode from Light to Advanced, press Use Advanced Mode button at the top of the Credit Product editing screen. After this action, you will not be able to return to the Light Mode for the current Credit Product.
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