Fee Table

You can use this table for fast reference. Please keep in mind that the table might be missing some of the details provided further the article.

Template Name	Description	Periodicity	APR	Dupl	RS
Administration fee	Applied to each loan installment to cover administration costs. Configurable as a fixed amount or percentage.	Each installment.	+	+	+
Disbursement fee	Charged on loan disbursement as a fixed amount or percentage. Included in the loan but deducted from the disbursed amount.	Upon disbursement.	+	+	+
Down payment	An upfront payment made by the Customer, deducted from the loan amount to reduce the principal to be financed. Deducted from the loan amount.	One-time fees, when the payment transaction is done by the Customer before disbursement.	+	-	-
Late fee	Penalty for late payments. Charged once payment is delayed by a specified number of days.	Once - as per the late payment schedule	-	+	+
Leasing payment	Applied and must be defined when the loan type is Leasing	Each payment transaction	-	+	+
Manual	Ad-hoc charge added by the Lender	Applied to the current installment on the day it is created	-	+	+
NSF	Charged when a payment fails due to insufficient funds.	Each failed payment	-	+	+
Origination fee	One-time fee for loan origination.	Included in the first installment.	+	+	+
Past due interest	Interest on overdue payments, calculated daily/weekly/monthly/yearly.	Daily/ weekly/ monthly/ yearly as long as the loan is in the Past Due status	-	+	+
Payment holiday interest fee	A daily/weekly/monthly/yearly interest charged when a payment holiday is granted.	As long as a Payment holiday is applied.	-	+	+
Payoff fee	One-time fee for early loan repayment.	Once, when the loan is paid off ahead of the schedule.	-	+	+
Pre-approval fee	Fee paid before loan application approval. Loan cannot be approved until the fee is paid	One-time, before approval (zero-installment is created)	-	+	-
Pre-disbursement fee	Fee paid before loan disbursement. Loan cannot be disbursed until the fee is paid	One-time, before disbursement (zero-installment is created)	-	+	-
Repayment fee	Charged each time a repayment is made. Deducted from the repayment.	For each payment transaction.	-	+	+
Sales tax	Applied as a percentage of the paid principal. Deducted from the repayment.	For each payment transaction.	-	-	+

How to manage Fees

Settings → Loan settings → Credit products

In the Credit Product settings you can define commissions to be automatically accrued to the loans of the Credit Product

For each fee you will see a window with dedicated settings (as shown below). The settings of each specific fee are displayed below

Fee Types and Their Settings

Administration Fee

The administration fee is a recurring charge applied to each loan installment to cover the administrative costs associated with managing the loan. This fee ensures that the Lender can maintain efficient processing and servicing of the loan throughout its term.

For instance, if a Customer takes out a loan with monthly installments, the administration fee might be $10 per installment. Alternatively, it could be set at 1% of the loan installment amount, meaning if the monthly installment is $500, the administration fee would be $5.

Periodicity: Each installment
Included into APR calculation: Yes
You can create several fees based on this template: Yes
Can be used in the products when restructuring a loan: Yes

Administration Fee Settings

The fee amount can be configured in the credit product settings and may be set as a fixed amount, a percentage of the loan amount, or a rate.

Field name	Parameters	Description
Name	Administration fee	Full fee name Can be edited.
Calculation basis	Loan amount Disbursement amount Remaining principal	Define the fee base if the fee is set as a percent or rate. If a fee value is "Amount", the calculation basis is unavailable.
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 Customer.
Use variable fee value	Who can edit the fee: Back-Office users; Customers (while applying for financing); Both; Neither (in the 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.
Fee value	Amount Percent Rate	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	Define the loan phase(s) applicable if Grace Period is defined for the Credit Product.
Payoff settings General: by date	All (by default)	Define which part of currently accrued but unpaid amount shall oblige in case of payoff.
Payoff settings General: future	Percent	Define which part of currently scheduled but not yet accrued amount shall oblige in case of payoff.

Disbursement Fee

The disbursement fee is charged each time funds are disbursed to the Customer. It can be set as a fixed amount or a percentage of the disbursed loan amount. This fee is deducted from the total loan amount upon disbursement, and the remaining funds are transferred to the Customer, in particular for multiple disbursements, this fee is applied every time, to every disbursement.

For example, if a Customer is approved for a loan of $10,000 and the disbursement fee is 2%, $200 will be deducted as the fee, and the Customer will receive $9,800

Periodicity: Disbursement fees are applied and immediately paid as soon as a loan is disbursed, regardless of their priority in the fees list.
Included in APR calculation: Yes
Multiple fees allowed: Yes
Applicable in loan restructuring: Yes

Disbursement Fee Settings

Field name

Parameters

Description

Name

Disbursement fee

Full fee 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", the 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.

Down Payment

The down payment is a portion of the purchase price that the Customer pays upfront. This amount is deducted from the loan amount to reduce the principal that needs to be financed. The down payment is typically required before the loan disbursement.

For example, if a Customer agrees to purchase an item for $20,000 and makes a down payment of $5,000, the loan amount would make $15,000.

A “zero”-installment is added to the schedule.

Periodicity: One-time fees, when the payment transaction is done by the Customer before disbursement.
Included in APR calculation: Yes
Multiple fees allowed: No
Applicable in loan restructuring: No

Down Payment Settings

Field name	Parameters	Description
Name	Down payment	Full fee name
Calculation basis	Purchase amount	Define the fee base if the fee is set as a percent or rate. If a fee value is "Amount", the 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 Customer.
Use variable fee value	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.

Late Fee

The late fee is a penalty charged when a Customer fails to make a loan payment by the due date. This fee can be a fixed amount or a percentage of the overdue payment and serves as an incentive for Customers to make timely payments and compensates the Lender for the inconvenience and potential risk of late payments.

For example, If a Customer misses a monthly payment of $500 and the late fee is set at $25 or 5% of the overdue amount, the Customer would incur an additional charge of $25 or $25 (5% of $500).

Periodicity: Late Fees are applied to loan installment as soon as this installment's DPD value becomes equal to the DPD value specified in a late fee rule.
Included in APR calculation: No
Multiple fees allowed: Yes
Applicable in loan restructuring: Yes

Late Fee Settings

Field name	Parameters	Description
Name	Late fee	Full fee name
Calculation basis	Past due principal (by default)	Define the fee base if the fee is set as a percent or rate. If a fee value is "Amount", the calculation basis is unavailable.
Installment past due	Day (number)	The day when the fee is applied (e.g. on the 5th day past due).
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	Define the loan phase(s) applicable if Grace Period is defined for the Credit Product.

Leasing Payment

The leasing payment is applicable when the loan type is designated as "Leasing." While it is generally expected that only one leasing payment is added to the credit product, multiple leasing payments can be configured if it aligns with your business requirements.

For example, if a company finances a piece of equipment through a leasing loan of $50,000, the leasing payment might be set at 2% of the loan amount, resulting in a $1,000 leasing payment. Alternatively, a fixed leasing payment of $1,500 might be applied regardless of the loan amount.

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

Periodicity: For each payment transaction.
Included in APR calculation: No
Multiple fees allowed: Yes
Applicable in loan restructuring: Yes

Leasing Payment Settings

Field name	Parameters			Description
Name	Leasing Payment			Full fee 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", the 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			Define the loan phase(s) applicable if Grace Period is defined for the Credit Product.
Payoff settings General: by date	All (by default)			Define which part of currently accrued but unpaid amount shall oblige in case of payoff.
Payoff settings General: future	Percent			Define which part of currently scheduled but not yet accrued amount shall oblige in case of payoff.

Manual Fee

The manual fee is an ad-hoc charge that can be added by the Lender at any point in time. This fee is applied on the day it is created and is assigned to the current installment of the loan. It allows for flexibility in managing unexpected or additional costs that may arise during the loan term.

For example, if on the 10th day of the month the Customer incurs an additional service charge of $50, the Lender can add a manual fee of $50 to the current installment. If the current installment is due on the 15th of the month, the manual fee will be accrued on the 10th and expected to be paid on the 15th - as a part of the total amount due for that installment.

Periodicity: When charged
Included in APR calculation: No
Multiple fees allowed: Yes
Applicable in loan restructuring: Yes

Manual Fee Settings

Manual fee is always defined as an amount. The best practice is to make it a variable amount.

NSF

The NSF fee is applied when a Customer’s payment fails due to insufficient funds in their account. This fee compensates the Lender for the costs associated with handling the failed transaction and encourages Customers to ensure sufficient funds are available for their payments.

NSF fee is accrued automatically in case a payment transaction is failed with the following return statuses: result = "Decline Insufficient funds" or result = "Returned".

For example, if a Customer’s monthly loan payment of $600 is returned due to non-sufficient funds, and the NSF fee is set at $35, the Customer would be charged this additional fee on top of the missed payment.

Periodicity: NSF charges apply once a monthly payment from a Customer does not go through.
Included in APR calculation: No
Multiple fees allowed: Yes
Applicable in loan restructuring: Yes

NSF Settings

Field name	Parameters	Description
Name	NSF	Full fee 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	Define the loan phase(s) applicable if Grace Period is defined for the Credit Product.

Origination Fee

The origination fee is a one-time fee charged at the inception of the loan to cover the costs of processing the loan application and initiating the loan. This fee is included in the first installment.

For a $15,000 personal loan with a 3% origination fee, the Customer would be required to pay $450 as the origination fee along with the first installment.

Periodicity: A one-time fee applied to loans to cover the price of origination.
Included in APR calculation: Yes
Multiple fees allowed: Yes
Applicable in loan restructuring: Yes

Origination Fee Settings

Field name	Parameters	Description
Name	Origination fee	Full fee 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", the 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	Define the loan phase(s) applicable if Grace Period is defined for the Credit Product.
Payoff settings General: by date	All (by default)	Define which part of currently accrued but unpaid amount shall oblige in case of payoff
Payoff settings General: future	Percent	Define which part of currently scheduled but not yet accrued amount shall oblige in case of payoff

Past Due Interest

Past due interest is the additional interest charged on overdue loan payments. This fee accrues daily/ weekly/monthly/ yearly (subject to the settings) as a percentage based on the outstanding principal or total debt and is intended to compensate the Lender for the delay in receiving scheduled payments.

For example, if a Customer’s $1,000 payment is 10 days late, and the past due interest rate is 0.05% per day, the Customer would incur an additional $5 in interest (0.05% of $1,000 * 10 days).

Periodicity: A one-time fee applied to loans to cover the price of origination.
Included in APR calculation: Yes
Multiple fees allowed: Yes
Applicable in loan restructuring: Yes

Past Due Interest Settings

Field name	Parameters	Description
Name	Past due interest	Full fee 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", the calculation basis is unavailable.
Fee value	Percent ( by default) 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	Define the loan phase(s) applicable if Grace Period is defined for the Credit Product.

Payment Holiday Interest Fee

The payment holiday interest fee is an additional charge applied when a payment holiday is granted. During a payment holiday, the regular loan payments are paused, but interest continues to accrue. The additional interest can be calculated daily, weekly, monthly, or yearly, based on the commission settings.

For instance, if a Customer takes a payment holiday of one month on a loan with a principal balance of $10,000 and the daily interest rate is 0.05%, the interest accrued during the holiday period would be $150 (0.05% of $10,000 * 30 days).

Periodicity: Applied as long a Payment holiday is applied.
Included in APR calculation: No
Multiple fees allowed: Yes
Applicable in loan restructuring: Yes

Payment Holiday Interest Fee Settings

Field name	Parameters	Description
Name	Payment holiday interest fee	Full fee 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: 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	Define the loan phase(s) applicable if Grace Period is defined for the Credit Product.

Payoff Fee

The payoff fee is a one-time fee charged when a Customer repays the loan in full before the scheduled end date. This fee can be a fixed amount or a percentage of the remaining balance and compensates the Lender for the loss of expected interest. It will be applied along with the sum of all fees that are assigned an Event Type 'On payoff' in the Credit Product.

For example, if a Customer decides to pay off the remaining $5,000 balance of a loan early and the payoff fee is 2%, the Customer would need to pay an additional $100.

Periodicity: A one-time fee applied when the loan is paid off ahead of the schedule.
Included in APR calculation: No
Multiple fees allowed: Yes
Applicable in loan restructuring: Yes

Payoff Fee Settings

Field name	Parameters	Description
Name	Payoff fee	Full fee name
Calculation basis	Outstanding principal	The fee base if the fee is set as a percent or rate. If a fee value is "Amount", the 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	Define the loan phase(s) applicable if Grace Period is defined for the Credit Product.

Pre-Approval Fee

The pre-approval fee is charged to the Customer before the loan application is processed and approved. This fee covers the initial evaluation and administrative costs associated with the loan application process.
A ‘zero'-installment will be added to the schedule.

For example, the Lender might charge a $150 pre-approval fee to cover the costs of credit checks and preliminary paperwork and won’t proceed with the application until the payment has been performed.

Periodicity: A one-time fee applied when the loan is paid off ahead of the schedule.
Included in APR calculation: Yes
Multiple fees allowed: No
Applicable in loan restructuring: Yes

Pre-Approval Fee Settings

Field name	Parameters	Description
Name	Pre-approval fee	Full fee name
Fee value	Amount	This value is used as the Commission Rate for all loans created using this Credit Product.

Pre-Disbursement Fee

The pre-disbursement fee is a fee charged once the loan is approved but before the funds are disbursed. This fee must be paid by the Customer to activate the loan disbursement process.
A ‘zero'-installment will be added to the schedule.

For example, if a loan of $20,000 is approved and a pre-disbursement fee of $100 is required, the Customer must pay this fee before receiving the loan amount.

Periodicity: A one-time fee applied to loans that should be distributed while the loan has a status 'Pending initial payments' (Before disbursement).
Included in APR calculation: No
Multiple fees allowed: Yes
Applicable in loan restructuring: No

Pre-Disbursement Fee Settings

Field name	Parameters	Description
Name	Pre-disbursement fee	Full fee name
Calculation basis	Loan amount	The fee base if the fee is set as a percent or rate. If a fee value is "Amount", the 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 Customer.
Use variable fee value	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.

Repayment Fee

The repayment fee is charged each time a payment is made towards the loan. This fee can be a fixed amount or a percentage of the repayment amount and is deducted from the payment received before applying the remainder to the loan balance.

For example, if a Customer makes a $500 repayment and the repayment fee is 2%, $10 will be deducted as the fee, and $490 will be applied to the loan balance.

Periodicity: For each payment transaction.
Included in APR calculation: No
Multiple fees allowed: Yes
Applicable in loan restructuring: No

Repayment Fee Settings

Field name	Parameters	Description
Name	Repayment fee	Full fee name
Calculation basis	Payment amount with Sales Taxes excluded (if any)	Define the fee base if the fee is set as a percent or rate. If a fee value is "Amount", the 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	Define the loan phase(s) applicable if Grace Period is defined for the Credit Product.

Note! When the repayment fee is calculated as a percentage, the base amount used for the calculation does not include the Sales Tax fee.

Sales Tax

The sales tax is applied as a percentage of the paid principal and can be set as a constant value or within predefined fee ranges. This fee is used to calculate the amount of tax based on the principal portion of the loan repayment.
The specified amount is counted towards the loan repayment with other fees added to it (including the Repayment Fee) and when the Sales Tax fee is deducted from the specified amount, the remainder is counted towards loan repayment.

Let's consider a Customer who has a loan with the following details:

Principal Amount: $10,000
Monthly Payment (Principal portion): $500
Sales Tax Rate: 8% = $500×0.08 = $40

If the Customer makes a payment of $540, the $500 is applied towards the principal, and $40 is added as the sales tax, making the total payment $540.

Field name	Parameters	Description
Name	Sales tax	Full fee 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", the 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 Customer.
Use variable fee value	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	Define the loan phase(s) applicable if Grace Period is defined for the Credit Product.
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.
Add fee cap	Value type - Amount(by default) Value - $	Fill in the value.

How to manage repayment priority

After setting commissions accruals order can be changed.

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

Payoff, Repayment, and Sales Tax fees are always paid as a matter of priority regardless of their place in the list.
Disbursement fees are applied and immediately paid only once a loan is disbursed, regardless of their place in the list.

When multiple fees with a calculation basis of "Paid Principal" are added to the credit product, these fees are accrued sequentially according to their 'Accrual Priority.' This means the installment payment amount for the second fee includes the already accrued amount from the first fee.

Adding Fees