Loanproductinterestconfiguration
The interest settings, defines constraints regarding interest that will be used on the loan account crated based on this product.
Whether late interest should be accrued, applied and paid
The frequency on which the accrued interest will be added to the principal for interest calculation.
Possible values: [DAILY, SEMI_ANNUALLY]
Shows how many days in a year should be used for loan calculations.
Possible values: [ACTUAL_365_FIXED, ACTUAL_364, ACTUAL_360, ACTUAL_ACTUAL_ISDA, E30_360, BUS_252, E30_42_365]
indexRateSettings object
The interest settings, defines constraints regarding interest that will be used on the loan account created based on this product.
If the product supports this option, specify if the interest should be accrued after the account maturity date
Indicator whether the loan product allows negative values for interest rate or interest spread
Id of index source.
The interest change frequency method for a loan account. Shows the possible methods for obtaining the balance based on which the interest will be calculated for loan repayment.
Possible values: [ANNUALIZED, EVERY_MONTH, EVERY_FOUR_WEEKS, EVERY_WEEK, EVERY_DAY, EVERY_X_DAYS]
the count of units to apply over the interval
interestRate object
Used for keeping decimal constraints.
The default value, will be used in case no other value was filled in by the user.
The maximum value.
The minimum value.
Interest spread + index interest rate can't be more than this amount (valid only for index interest rate products).
Interest spread + index interest rate can't be less than this amount (valid only for index interest rate products).
Interest rate review frequency unit count
The interest rate review unit values. Shows how often is index interest rate reviewed.
Possible values: [DAYS, WEEKS, MONTHS]
The interest rate review unit values. Shows how often is index interest rate reviewed.
Possible values: [FIXED_INTEREST_RATE, INDEX_INTEREST_RATE]
Defines the option of how is the interest rate determined when being accrued for an account.
Possible values: [FIXED, TIERED, TIERED_PERIOD, TIERED_BAND]
interestRateTiers object[]
The list of interest rate tiers available for the current settings instance
The top-limit value for the account balance in order to determine if this tier is used or not
The rate used for computing the interest for an account which has the balance less than the ending balance
The interest application method for a loan account. It shows the method used by the loans defining how the interest gets applied.
Possible values: [AFTER_DISBURSEMENT, REPAYMENT_DUE_DATE, FIXED_DAYS_OF_MONTH]
The interest balance calculation method for a loan account. Shows the possible methods for obtaining the balance based on which the interest will be calculated for loan repayment.
Possible values: [ONLY_PRINCIPAL, PRINCIPAL_AND_INTEREST, PRINCIPAL_AND_FEE, PRINCIPAL_INTEREST_AND_FEE]
The interest calculation method for a loan account. Shows the different interest calculation methods.
Possible values: [FLAT, DECLINING_BALANCE, DECLINING_BALANCE_DISCOUNTED, EQUAL_INSTALLMENTS]
interestRateSettings object[]
Adjustable interest rates settings
Index rate source id.
interestRate object
Used for keeping decimal constraints.
The default value, will be used in case no other value was filled in by the user.
The maximum value.
The minimum value.
Maximum value allowed for index based interest rate. Valid only for index interest rate.
Minimum value allowed for index based interest rate. Valid only for index interest rate.
Interest rate review frequency unit count. Valid only for index interest rate.
The interest rate review unit values. Shows how often is index interest rate reviewed.
Possible values: [DAYS, WEEKS, MONTHS]
The interest rate review unit values. Shows how often is index interest rate reviewed.
Possible values: [FIXED_INTEREST_RATE, INDEX_INTEREST_RATE]
Shows the possible values for how we compute and apply the interest.
Possible values: [SIMPLE_INTEREST, CAPITALIZED_INTEREST, COMPOUNDING_INTEREST]
pmtAdjustmentThreshold object
Represents PMT Adjustment threshold settings for loan accounts and loan products.
Represents the method used to calculate the PMT adjustment threshold. Supported value is CALENDAR_DAYS
Possible values: [WORKING_DAYS, CALENDAR_DAYS]
The number of days that trigger a PMT Adjustment.
Methods that determine how the number of interest days for a repayment are computed.
Possible values: [REPAYMENT_PERIODICITY, ACTUAL_DAYS_COUNT]
{
"accrueLateInterest": true,
"compoundingFrequency": "DAILY",
"daysInYear": "ACTUAL_365_FIXED",
"decoupleInterestFromArrears": true,
"indexRateSettings": {
"accrueInterestAfterMaturity": true,
"allowNegativeInterestRate": true,
"indexSourceId": "string",
"interestChargeFrequency": "ANNUALIZED",
"interestChargeFrequencyCount": 0,
"interestRate": {
"defaultValue": 0,
"maxValue": 0,
"minValue": 0
},
"interestRateCeilingValue": 0,
"interestRateFloorValue": 0,
"interestRateReviewCount": 0,
"interestRateReviewUnit": "DAYS",
"interestRateSource": "FIXED_INTEREST_RATE",
"interestRateTerms": "FIXED",
"interestRateTiers": [
{
"endingBalance": 0,
"interestRate": 0
}
]
},
"interestApplicationMethod": "AFTER_DISBURSEMENT",
"interestBalanceCalculationMethod": "ONLY_PRINCIPAL",
"interestCalculationMethod": "FLAT",
"interestRateSettings": [
{
"indexSourceId": "string",
"interestRate": {
"defaultValue": 0,
"maxValue": 0,
"minValue": 0
},
"interestRateCeilingValue": 0,
"interestRateFloorValue": 0,
"interestRateReviewCount": 0,
"interestRateReviewUnit": "DAYS",
"interestRateSource": "FIXED_INTEREST_RATE"
}
],
"interestType": "SIMPLE_INTEREST",
"pmtAdjustmentThreshold": {
"method": "WORKING_DAYS",
"numberOfDays": 0
},
"scheduleInterestDaysCountMethod": "REPAYMENT_PERIODICITY"
}