Loans | Ideas for the Mambu Banking Engine

Early settlement rebate - to add future interest on the loan pay-off event

What:Ability to charge future interest from X number of days in the scenario of the loan account pay-offWhy:In some countries, lenders can calculate "early settlement rebate" e.g. when giving a pay-off quote to the customer, the amount includes fu...

Created 17 days ago by Szymon Klapcinski

Core Lending / Loans / Fees

0

1 VOTE

Late Repayment Fees Floor & Ceiling Values on %

On the Fixed and Dynamic Loan products, you are able to create a Late Payment fee.The Fee can either be a fixed value or a % of outstanding principal or disbursement. The idea has been raised that there should be a Minimum (floor) and Maximum (cei...

Created 17 days ago by Justus Roux

Core Lending / Loans

0

8 VOTE

Allow select Booking Date for Write-off transaction type (including Write-Off Adjustment)

What: Allow users to select Booking Date when posting or reversing Write off transactionsWhy: In some cases tenants need to choose a different Booking Date when writing-off or undoing a write-off as part of corrections/ reconciliations, for exampl...

Created 5 months ago by Alyona Gorlushko

Core Lending / Loans / Accounting

1

5 VOTE

An option to change the monthly repayment due day on active installment loan accounts

What: A possibility to change the Repayment Day on existing and active Installment Loan accounts (Dynamic Term Loan). For example, if an account was created with payments due on every 10th of the month, it would be possible to adjust the account t...

Created 6 months ago by Dorota Nosal

Core Lending / Loans

0 Planned

1 VOTE

Defer additional interest added to instalment because of prepayments, when original PMT amount is exceeded

What:In the scenario when due to prepayment, new interest amount within subsequent instalment exceeds the original PMT amount, defer the excess of PMT and add it to the last instalment. This happens for dynamic term loans with high interest rate, ...

Created about 2 months ago by Szymon Klapcinski

Core Lending / Loans

0

Ideas for the Mambu Banking Engine

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Early settlement rebate - to add future interest on the loan pay-off event

Late Repayment Fees Floor & Ceiling Values on %

Allow select Booking Date for Write-off transaction type (including Write-Off Adjustment)

An option to change the monthly repayment due day on active installment loan accounts

Ability to select a longer amortisation period than the contracted loan term.

Separate Receivable GL accounts for Interest Accrued and Interest Due

Comment when editing loan accounts

Margin

Day count convention Actual/Actual available for loan products

Defer additional interest added to instalment because of prepayments, when original PMT amount is exceeded

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Early settlement rebate - to add future interest on the loan pay-off event

Late Repayment Fees Floor & Ceiling Values on %

Allow select Booking Date for Write-off transaction type (including Write-Off Adjustment)

An option to change the monthly repayment due day on active installment loan accounts

Ability to select a longer amortisation period than the contracted loan term.

Separate Receivable GL accounts for Interest Accrued and Interest Due

Comment when editing loan accounts

Margin

Day count convention Actual/Actual available for loan products

Defer additional interest added to instalment because of prepayments, when original PMT amount is exceeded