Ideas for the Mambu Banking Engine

Automatic “Termination Fee”

What: Add a new fee trigger - "Loan Termination". The fee calculation options should be:

  • no amount (applicable for manual loan account termination only, see #APP-I-1271 ),
  • fixed flat amount (applicable for both manual and automatic fee application, see #APP-I-1271  for the automatic loan account Termination).

Note: if the fee termination is undone, the Termination Fee should be automatically reversed as well, as part of the Undo Termination action.

Why: Most organizations charge a fee in a situation when a loan account is terminated. Ideally, this fee should be automatically charged, to avoid mistakes due to manual processing.

  • Dorota Nosal
  • Feb 28 2018
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