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Table of Contents

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!NOTE: It is necessary to add a 'Leasing payment' fee to build a correct leasing credit product. 

Field name

Parameters

Description

Name

Leasing Payment

Full fee's name.

Calculation basis

  • Loan amount

  • Disbursement amount

Define the fee base if the fee is set as a percent or rate.

If a fee value is "Amount", a calculation basis is unavailable.

Fee value

  • Amount                            

  • Percent                       

  • Rate  

Per

  • Day

  • Week

  • Month

  • Year    

This value is used as the Commission Rate for all loans created using this Credit Product.

Loan phase 

  • Grace period

  • Main period

Choose a loan phase when collecting fees.

Payoff settings 

General: by date

  • All (by default)

Accrued, but the unpaid amount by the current date is included in the Payoff amount.

Payoff settings

General: future

  • Percent

The future scheduled amount is included in the Payoff amount.

NSF Settings

Field name

Parameters

Description

Name

NSF

Full fee's name.

Fee value

  • Amount( by default)

This value is used as the Commission Rate for all loans created using this Credit Product.

Accrual mode

  • Always is an equal payment

  • Over equal payment

  • Within equal payment limit

Choose a suitable accrual mode.

Loan phase 

  • Grace period

  • Main period

Choose a loan phase when collecting fees.

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Origination fee

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Field name

Parameters

Description

Name

Origination fee

Full fee's name.

Calculation basis

  • Loan amount

  • Disbursement amount

Define the fee base if the fee is set as a percent or rate.

If a fee value is "Amount", a calculation basis is unavailable.

Fee value

  • Amount

  • Percent

  • Rate

This value is used as the Commission Rate for all loans created using this Credit Product

Loan phase

  • Grace period

  • Main period

Choose a loan phase when collecting fees.

Payoff settings 

General: by date

  • All (by default)

Accrued, but the unpaid amount by the current date is included in the Payoff amount.

Payoff settings

General: future

  • Percent

The future scheduled amount is included in the Payoff amount 

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Past due interest

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Field name

Parameters

Description

Name

Past due interest

Full fee's name

Calculation basis

  • Past due principal

  • Outstanding principal

  • Loan amount

Define the fee base if the fee is set as a percent or rate.

If a fee value is "Amount", a calculation basis is unavailable.

Fee value

Percent ( by default)

per:

  1. Day

  2. Week

  3. Month

  4. Year

This value is used as the Commission Rate for all loans created using this Credit Product.

Loan phase

  • Grace period

  • Main period

Choose a loan phase when collecting fees.

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Payment holiday interest fee

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Field name

Parameters

Description

Name

Payment holiday interest fee

Full fee's name.

Calculation basis

  • Remaining principal(by default)

Define the fee base if the fee is set as a percentage rate.

Fee value

Percent ( by default)

per:

  1. Day

  2. Week

  3. Month

  4. Year

This value is used as the Commission Rate for all loans created using this Credit Product.

Loan phase

  • Grace period

  • Main period

Choose a loan phase when collecting fees.

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Payoff fee

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Field name

Parameters

Description

Name

Payoff fee

Full fee's name.

Calculation basis

  • Outstanding principal( by default)

Define the fee base if the fee is set as a percent or rate.

If a fee value is "Amount", a calculation basis is unavailable.

Fee value

  • Amount

  • Percent

  • Rate

This value is used as the Commission Rate for all loans created using this Credit Product.

Loan phase

  • Grace period

  • Main period

Choose a loan phase when collecting fees.

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Pre-approval fee

...

Field name

Parameters

Description

Name

Pre-approval fee

Full fee's name.

Fee value

  • Amount(by default)

This value is used as the Commission Rate for all loans created using this Credit Product.

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Pre-disbursement fee

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Field name

Parameters

Description

Name

Pre-disbursement fee

Full fee's name.

Calculation basis

  • Loan amount

Define the fee base if the fee is set as a percent or rate.

If a fee value is "Amount", a calculation basis is unavailable.

Fee value

  • Amount

  • Percent

  • Rate

This value is used as the Commission Rate for all loans created using this Credit Product.

Use variable fee value

  • Min value - %

  • Max value - %

Allows different loans based on this credit product to have different fee values within the available range (Min value, Max value). The fee value is used as the default for every loan created by a borrower.

Who can edit the fee:

  • Back-Office users;

  • Customers (while applying for financing);

  • Both;

  • Neither (in case of using a third-party integration).

If "Use variable fee value" is enabled, it is possible to choose who will be permitted to edit the fee value.

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Repayment fee

...

Field name

Parameters

Description

Name

Repayment fee

Full fee's name.

Calculation basis

  • Payment amount(by default)

Define the fee base if the fee is set as a percent or rate.

If a fee value is "Amount", a calculation basis is unavailable.

Fee value

  • Amount

  • Percent

  • Rate

This value is used as the Commission Rate for all loans created using this Credit Product.

Loan phase

  • Grace period

  • Main period

Choose a loan phase when collecting fees.

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Sales Tax

...

Field name

Parameters

Description

Name

Sales tax

Full fee's name.

Calculation basis

  • Paid principal

Define the fee base if the fee is set as a percent or rate.

If a fee value is "Amount", a calculation basis is unavailable.

Fee value

  • Percent (by default)

This value is used as the Commission Rate for all loans created using this Credit Product

Use variable fee value

  • Min value - %

  • Max value - %

Allows different loans based on this credit product to have different fee values within the available range (Min value, Max value). The fee value is used as the default for every loan created by a borrower.

Who can edit the fee:

  • Back-Office users;

  • Customers (while applying for financing);

  • Both;

  • Neither (in case of using a third-party integration).

If "Use variable fee value" is enabled, it is possible to choose who will be permitted to edit the fee value.

Loan phase

  • Grace period

  • Main period

Choose a loan phase when collecting fees.

Add fee cap

Who can edit the fee:

  • Back-Office users;

  • Customers (while applying for financing);

  • Both;

  • Neither (in case of using a third-party integration).

If "add fee cap" is enabled, it is possible to choose who will be permitted to edit the fee value.

Value type - Amount(by default)

Value - $

Fill in the value.

How to manage repayment priority

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By clicking on the "Manage repayment priority" button, a popup will be opened. Here you can edit repayment priority.

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Info

Pay off fees are always paid as a matter of priority regardless of their place in the list.


Info

Repayment fees are always paid as a matter of priority regardless of their place in the list.


Info

Sales taxes are always paid as a matter of priority regardless of their place in the list.


Info

Disbursement fees are applied and immediately paid only once a loan is disbursed, regardless of their place in the list.