Ideas for the Mambu Banking Engine

Payment Holidays for active loans

Why:

1. when a client is in difficulty to pay their loans, they should have the possibility to take "a break" for their repayments.

2. when a client comes to make a prepayment but also requests to take 1 month off from repaying (ie, skip 1 due date)

What: add the possibility to have payment holidays for active accounts (any account type, any payment method (balloon) ), meaning that for an installment or more we should have no interest and/or no principal (something similar with principal/pure grace installments in the middle of the schedule)

  • Diana Trifan
  • May 11 2018
  • Planned
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