This subsection describes the procedure of adding a new credit product to the system.
The user with the Administrator role can create a new credit product with required parameters. A created credit product can be selected by the Originators for creation of loan applications or by the borrowers applying for the loan online.
To create a new credit product:
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The list of all credit products previously created is displayed in the table: 
Credit products.
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The Add Credit Product window opens:
The Add Credit Product window.
Specify all required fields.Anchor _Ref397420986 _Ref397420986 Anchor _Ref397420989 _Ref397420989 - Select the Peer-to-peer loan check box to support loan investment and p2p workflows. If the Peer-to-peer loan check box is selected, specify:
- Investment Interest Rate - the interest rate based on which investor's interest is calculated.
Workflow - defines the way loan is invested: Fund before disbursement or Fund anytime.
Note:
Fund before disbursement - when this workflow is active, a loan is moved to Gathering Investments status after approval. The loan remains in this state until its amount is fully funded by investors. Once this is done, the loan is ready for disbursement. In this case investors can't withdraw or change their bid after the loan is disbursed and no new investments can be added after disbursement.
Fund anytime - this workflow allows funding a loan after disbursement. On approval the loan is immediately ready for disbursement, no intermediate status to to gather investments is used. Investors can bid any time after the loan is approved until it's fully repaid or fully funded.- In the Add Credit Product window, click OK to complete the creation of the credit product.
The credit product has been successfully added to the system and gets displayed in the list of available credit products:
The created credit product.
