Mortgages | Ideas for the Mambu Banking Engine

[Offset Loan] Make the interest saved due to the redraw balance available for redraw

What?On an Offset Loan account with Redraw the interest is calculated as the Principal Balance - Redraw Balance. If the Redraw Balance for a given period is >0, then the interest calculated is going to be lower than the expected interest for th...

Created 11 months ago by Sascha Dannroth

Mortgages

0 Planned

1 VOTE

[Offset Loans] Allow changing interest rate/margin on active loan accounts

What? Allow changing the interest rate and interest margin on an active loan account of the Offset Loan product. Why? This way lenders can offer promotional rates without having to reschedule the loan. Similar to APP-675, which is for Dynamic L...

Created about 1 year ago by Sascha Dannroth

Mortgages

0 Planned

1 VOTE

[Offset Loan] Enable redraw and offset account at the same time

What? At the moment when creating an Offset Loan product, we have to chose between Redraw and Offset Account functionality. We need to be able to have both on the same loan product. Why? Mortgages in Australia always have a redraw capability and c...

Created over 1 year ago by Sascha Dannroth

Mortgages

0 Planned

1 VOTE

[Offset Loan] Principal Grace Period

What? Implement the principal grace period that is available on Dynamic Term Loan product on Offset Loan product. Why? The principal grace period would enable interest-only loans. In Australia, borrowers can have an interest-only period at the...

Created over 1 year ago by Sascha Dannroth

Mortgages

0 Planned

1 VOTE

[Offset Loan] Indexed Interest Rates

What? Enable indexed interest rates for the Offset Loan product similar to what we have for Dynamic Term Loan product. Why? Offset Loan is intended to be used for mortgage products. In Australia, the standard mortgage has a variable interest ra...

Created over 1 year ago by Sascha Dannroth

Mortgages

0 Planned

1 VOTE

A (pre-)repayment never causes accrued interest to be applied and is allocated to the Minimum Repayment Amount of the current month

What?Repayments can be made into a loan account at any time and never cause accrued interest to be applied/capitalised.Interest is only applied/capitalised on the (never changing) interest capitalisation date.Any prepayments are allocated to the M...

Created over 1 year ago by Sascha Dannroth

Mortgages

0 Will not implement

1 VOTE

Multiple Offset Accounts linked to Offset loan product

What?Customers can link one or multiple (unlimited) deposit accounts to a loan account as "offset account(s)." The balance(s) on the offset account(s) reduces the outstanding principal balance of the loan account for interest calculation purposes....

Created over 1 year ago by Sascha Dannroth

Mortgages

0 Planned

Ideas for the Mambu Banking Engine

Filter by Status

Filter by Category

Enable negative margins for indexed interest rates

Australian Mortgage lending - Payment Schedule

Enable "Increase Overdue Instalments" Option for DBEI with Capitalised Interest

[Offset Loan] Make the interest saved due to the redraw balance available for redraw

[Offset Loans] Allow changing interest rate/margin on active loan accounts

[Offset Loan] Enable redraw and offset account at the same time

[Offset Loan] Principal Grace Period

[Offset Loan] Indexed Interest Rates

A (pre-)repayment never causes accrued interest to be applied and is allocated to the Minimum Repayment Amount of the current month

Multiple Offset Accounts linked to Offset loan product

Filter by Status

Filter by Category

Identify yourself with your email address

Enable negative margins for indexed interest rates

Australian Mortgage lending - Payment Schedule

Enable "Increase Overdue Instalments" Option for DBEI with Capitalised Interest

[Offset Loan] Make the interest saved due to the redraw balance available for redraw

[Offset Loans] Allow changing interest rate/margin on active loan accounts

[Offset Loan] Enable redraw and offset account at the same time

[Offset Loan] Principal Grace Period

[Offset Loan] Indexed Interest Rates

A (pre-)repayment never causes accrued interest to be applied and is allocated to the Minimum Repayment Amount of the current month

Multiple Offset Accounts linked to Offset loan product