Ideas for the Mambu Banking Engine

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 9 months ago by Dorota Nosal

Core Lending / Loans

0 Planned
3 VOTE

Payment Due Fees applied Due Dates (Dynamic Loans)

Why: For Dynamic Loans we currently apply "Payment due" fees at disbursal and not when a repayment becomes due. This has implications regarding income recognition, since all repayment due fees that will be due in the future are counted as incom...

Created over 1 year ago by Irina Murgescu

Core Lending / Loans / Fees

0 Planned
7 VOTE

Editing Flat Disbursement fees via APIs before Disbursement

What: Allow editing flat disbursement fees, with undefined amount in the product configuration, before Disbursement and via API (PATCH). Same as from the UI, this should be possible for accounts in "Pending Approval" and "Partial Application" stat...

Created about 3 years ago by Dorota Nosal

Core Lending / API / Fees / Loans

0 Planned
2 VOTE

Penalty after Maturity - Daily Posting Frequency (Dynamic Loans)

What: Allow for daily penalty accrual application after a loan account reaches maturity (i.e. after the last installment).Why: Currently, penalty accruing after maturity cannot be recognised (applied) on an account, unless a repayment is posted pa...

Created about 1 year ago by Dorota Nosal

Core Lending / Loans

0 Planned
2 VOTE

An option for the start date of penalty calculations

What: An option to decide if penalties should be calculated:(a) from the scheduled repayment due date, i.e. including the arrears tolerance period, which is how the ‘Overdue Principal’ and ‘(Overdue Principal + Overdue Interest)’ penalty calculati...

Created over 1 year ago by Dorota Nosal

Core Lending / Loans

0 Planned
3 VOTE

Loan Account Termination

What: An option to “Terminate” a loan account. When a loan account is “Terminated”, all the amounts not yet due should become due immediately (as of the Termination Date).Why: Termination process is often used in the below scenarios:When the loan ...

Created about 2 years ago by Dorota Nosal

Core Lending / Loans

0 Planned
1 VOTE

Add an option for “On Upcoming Pending Installment Only” prepayment to allocate the prepaid amount to the outstanding principal balance only, without marking the “current” installment as Paid

What: When the product is setup with “On Upcoming Pending Installment Only” prepayment allocation, either Reduce Number of Installments or Reduce Amount per Installment pre-payment recalculation, add an option to allocate the prepaid amount to the...

Created about 1 year ago by Ancuta Covaci

Core Lending / Loans

0 Planned
1 VOTE

Payments allocation to specific installments that are past due

What: Allow loan repayments to be allocated to specific loan installments that are past due (late).Why: Some organizations have a regulatory requirement to post direct debits to specific due installment that triggered the repayment, even if there ...

Created over 1 year ago by Ancuta Covaci

Core Lending / Payments / Loans

0 Planned
1 VOTE

EIR Fee Amortisation for loans using a different than EMI schedule

What:Loan Fees EIR Amortization calculation, currently available in Mambu for all loan types, is based on expected cash flows associated with Declining Balance Equal Installments repayments.Implement Loan Fees EIR Amortization calculation based on...

Created over 1 year ago by Suzana Dejkanovic

Core Lending / Accounting / Loans

0 Planned
1 VOTE

Interest Floor & ceiling rates configurable at account level

What: enable setting of the floor & ceiling rates (for loans using an index rate) at account level rather than only at product level, as is current functionality. Why: different clients with the same loan product are offered different floor &a...

Created over 3 years ago by Rodica Levitchi

Core Lending / Loans

0 Planned