24 docs tagged with "product-factory"

To set up a product with equal interest-only installments, select **Product Type: Interest Only Equal Installments Loan**.

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

Mambu supports three types of fees you can set up when creating a deposit product, which you can apply to deposit accounts later:

A deposit product allows you to set up the parameters for a type of deposit that you wish to regularly offer. Deposit products are flexible and...

Dynamic mortgage products are a type of capital repayment loan featuring equal installments and interest that is calculated on the **principal** +...

To learn more about the various configuration options when setting up this loan type, refer to [Configuring an Equal Installment Interest-Only...

In this article we discuss how we calculate the deposit interest, overdraft interest, and how we manage days in a year.

Interest on loans is accrued on a daily basis, which allows you to charge your clients only for the days they used the loan amount.

When [setting up new loan products](/docs/setting-up-new-loan-products#create-a-new-loan-product), in the **Interest Rate** section of the form,...

Each action taken against an account will have an effect on your company's balance sheet, whether it's a deposit, a withdrawal, or the application of...

Fees can be applied to loan accounts after being created or activated under each product.

A *penalty* is a fee that your organization may charge clients when a specific term of the loan contract is violated. Penalties are applied after the...

id: loan-products-configuration

If you need to make changes to a deposit product:

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

Defining a *maximum balance* for deposit accounts allows you to create an account balance limit, above which Mambu will not allow a client to post...

With the *Current accounts*-type deposit product, you have the option to allow overdrafts. If you select this option, the accounts created under this...

There are cases in which organizations may want to offer loans with a defined *payment plan*, meaning that they would specify a periodic payment for...

The product documents functionality for loan and deposit accounts lets users generate and print documents such as contracts, receipts, and statements...

Revolving loans are mostly created the same way as other loan products. For more information, see [Setting Up New Loan...

A *deposit product* allows you to set up in advance the parameters for a type of deposit that you wish to regularly offer. Deposit products are...

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...

The Maturity Period is the time during which no withdrawals can be made in a Savings Plan or Fixed deposit account. The duration of the period can be...

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: