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When the fee is selected, you will see a tab with adjustable fee values. The list of values and settings is limited according to the most common industry standards. However, should you need more adjustments, please address TurnKey Lender team.
2. Fees
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Add fee: Click to add any fees associated with the loan.
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Manage repayment priority
Click the “Manage repayment priority” button below the Fees section to define the order in which the payment will be allocated among the accrued amounts.
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The “Priority” window will emerge. Here you will see the list of all accrued amounts (Principal, Interest, and any of the Fees defined).
When a payment is received, they will be paid in this order. This is particularly important for early and partial payments.
This detailed guide covers all the settings available in the "Add Credit Product" interface, providing users with the ability to fully customize their credit products according to their specific requirements.
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