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  • Principal amounts (minimum, default, maximum)
  • # Number of Repayments (minimum, default, maximum)
  • Interest rate (minimum, default, maximum)

See Examples Loan Product Fields—Additional Fields for Loans with Variable Terms based on Loan Cycle#Examples.

Field Name (attribute)DescriptionExampleValidations (if applicable)

Principal Variation for Borrower Cycle

To add Principal Variations, click Add until there are sufficient rows for the principal variations required.

Complete a row for each principal variation.

Logical operatorSelect equals or greater than from the drop-down list.
 
 


Borrower cycle

Identify the Borrower cycle (see Glossary) affected by the principal variation.

  



MinimumThe minimum principal amount.
 
 


DefaultThe default principal amount.
  


MaximumThe maximum principal amount.
  


Number of Repayments Variation for Borrower Cycle

To add

#

number of Repayments, click Add until there are sufficient rows for the

#

number of repayments variations required.

Complete a row for each

#

number of repayments variation.

Logical operatorSelect equals or greater than from the drop-down list.
  


Borrower cycle

Identify the Borrower cycle (see Glossary) affected by the

#

number of Repayments variation.

  



MinimumThe minimum
#
number of repayments.
  


DefaultThe default
#
number of repayments.
  


MaximumThe maximum
#
number of repayments.
 
 


Interest Rate Variation for Borrower Cycle

To add Interest Rate variations, click Add until there are sufficient rows for the number of interest rate variations required.

Complete a row for each interest rate variation.

Logical operatorSelect equals or greater than from the drop-down list.
  


Borrower cycle

Identify the Borrower cycle (see Glossary) affected by the Interest Rate variation.

  



MinimumThe minimum interest rate.
  


DefaultThe default interest rate.
  


MaximumThe maximum interest rate.
  

Examples



Loan Product Fields—Additional Fields for Loans with Variable Terms based on Loan Cycle#Examples

Scenario One: Variations will apply to the third and fourth loan accounts of this loan product for a client.

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  1. Principal Variations:
    1. Add two rows to the Principal Variations for Borrow Cycle section
    2. In the first row, select equal from the drop-down box
    3. Type the number 3 into the borrower cycle field
    4. Type the minimum, default, and maximum principal amounts for borrower cycle three
    5. In the second row, select equal from the drop-down box
    6. Type the number 4 into the borrower cycle field
    7. Type the minimum, default and maximum principal amounts for borrower cycle four 
  2. Repeat as above for # number of repayments and interest rate , as applicable.

Scenario Two: Variations will apply to all loan accounts of this loan product after the first loan account for a client.

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  1. Principal Variations:
    1. Add one rows row to the Principal Variations for Borrow Cycle section
    2. In the first row, select greater than from the drop-down box
    3. Type the number 1 into the borrower cycle field
    4. Type the minimum, default, and maximum principal amounts for borrower cycle three
  2. Repeat as above for # of repayments and interest rate, as applicable.

 

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