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11 docs tagged with "loan-products"

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Adjustable Interest Rates

Adjustable Interest Rate (AIR) loans allow users to have all available interest rate types on **fixed interest rate** and **index interest rate**...

Arrears Settings

When [setting up a new loan product](/docs/setting-up-new-loan-products), you can control how a loan's days in arrears should be calculated in the...

Configuring Expenses

Expenses cover the different expense categories for the investment pool. For example, within a real estate investment pool you may have income...

Managing Loan Products

When you edit a loan product, the new terms and conditions will only affect any new accounts created under that product.

Prepayment Recalculation Methods

When a client makes an early repayment on a loan using the dynamic method, you can choose whether to recalculate the repayment schedule or not.

Redraw and Offset Settings

The Offset and Redraw capabilities are used for Dynamic Term loan products in Mambu. They automatically recalculate the interest due on the loan...

Repayment Allocation Order

For cases of prepayments, partial repayments or fees and penalties payment, the allocation order defined at the product level will determine what...

Setting Up New Loan Products

A *loan product* allows you to set up in advance the parameters for a type of loan that you wish to regularly offer. Loan products are flexible and...

Types of Loan Products

The type of Loan Product can be selected when a new product is created. Mambu supports five type of loans as listed and explained below: