Loanterms

The loan transaction terms

interestSettings object

The interest settings, holds all the properties regarding interests for the loan account.

indexInterestRatenumber

The value of the index interest rate

interestRatenumber

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.

periodicPaymentnumber

The periodic payment value logged when changing it for a Balloon Payments account

principalPaymentAmountnumber

The principal payment flat amount logged when changing it for a Revolving Credit account

principalPaymentPercentagenumber

The principal payment percentage value logged when changing it for a Revolving Credit account

Loanterms

{
  "interestSettings": {
    "indexInterestRate": 0,
    "interestRate": 0
  },
  "periodicPayment": 0,
  "principalPaymentAmount": 0,
  "principalPaymentPercentage": 0
}