Rates

Set up the interest rate indices for your loans.

When a loan agent selects an index for a loan application, the rate will default for the index date selected from the index rates you set up.
You can enter interest rates manually or upload a file from an external source.
Tip: Save the index name before adding rates or importing rate files.

Use two decimal points for rate percentage. For example, enter 6.25 if the rate percentage is 6.25%. Save the spreadsheet with a .csv file extension.

Loan Conditions

Define the loan conditions that your agents can attach to a loan application. Condition names must be unique within an operating unit.

You can define conditions using the following types:
• Approval
• Conversion
• Delinquency
• Disbursement
• Servicing
You can update conditions at any time.
Note: Do not delete a condition that is attached to an approved loan.

Enabling Notifications

Event notifications can be enabled or disabled for an entire loan class or for individual loan types within a class. The default is enabled. You may want to disable notifications for some events to minimize the number of notifications sent to loan agents and managers. You can determine the critical event notifications and disable others to minimize the number of notifications sent to loans users.

Note: If you add loan types, you must enable the workflow and business events by linking the new loan type to the seeded workflows. To do this, you add the new loan type to the corresponding LNS_EVENT_ACTIONS tables.

• To enable or disable an event notification for an entire loan class, search for events by loan class. Select an event and change the enable flag.
• To enable or disable an event notification for a specific loan type within a loan class, search for a specific event, select the event for the corresponding loan class, and change the enable flag for the loan type.