Interestsettings
The interest settings, holds all the properties regarding interests for the loan account.
accountInterestRateSettings object[]
Adjustable interest rates settings for loan account
The encoded key of the interest rate settings, auto generated, unique
Index rate source key.
Interest rate 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]
Interest spread value.
Date since an interest rate is valid
2016-09-06T13:37:50+03:00The accrue interest after maturity. If the product support this option, specify if the interest should be accrued after the account maturity date.
Indicates whether late interest is accrued for this loan account
The effective interest rate. Represents the interest rate for the loan accounts with semi-annually compounding product.
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]
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 interest rate. Represents the interest rate for the loan account. The interest on loans is accrued on a daily basis, which allows charging the clients only for the days they actually used the loan amount.
Interest rate update 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]
Interest to be added to active organization index interest rate in order to find out actual interest rate
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.
{
"accountInterestRateSettings": [
{
"encodedKey": "string",
"indexSourceKey": "string",
"interestRate": 0,
"interestRateCeilingValue": 0,
"interestRateFloorValue": 0,
"interestRateReviewCount": 0,
"interestRateReviewUnit": "DAYS",
"interestRateSource": "FIXED_INTEREST_RATE",
"interestSpread": 0,
"validFrom": "2016-09-06T13:37:50+03:00"
}
],
"accrueInterestAfterMaturity": true,
"accrueLateInterest": true,
"effectiveInterestRate": 0,
"interestApplicationMethod": "AFTER_DISBURSEMENT",
"interestBalanceCalculationMethod": "ONLY_PRINCIPAL",
"interestCalculationMethod": "FLAT",
"interestChargeFrequency": "ANNUALIZED",
"interestRate": 0,
"interestRateReviewCount": 0,
"interestRateReviewUnit": "DAYS",
"interestRateSource": "FIXED_INTEREST_RATE",
"interestSpread": 0,
"interestType": "SIMPLE_INTEREST",
"pmtAdjustmentThreshold": {
"method": "WORKING_DAYS",
"numberOfDays": 0
}
}