They There may be situations when the Customer is eager to pay off the loan earlier.
Each fee defined in the system may be or not be applied on the loan pay-off. These settings are defined in the Fee settings → Payoff Settings.
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The percent value in the Payoff settings is the percent of all the fee amount that would have been paid if the loan was paid during the intially initially defined period that should be paid on the payoff. For example, the fee value is
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When enabled, the “Payoff settings” of each fee will be applied during this period.
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