Mambu Banking Engine

Ideas aimed to improve the current experience provided by the Mambu Banking Engine.

Allow specifying the last instalment on products with balloon payments

On dynamic, equal instalments products with ballon payment configuration users can currently specify the amount of the periodic payment and the balloon payment is calculated automatically. 
A second option could be allowed: to specify the amount of the balloon payment and calculate the period payments automatically.

This is a common approach for the balloon payment calculation. Some organisations, when preparing a loan offer for clients with balloon payment option, specify in the contract the amount of the final balloon payment rather than the periodic payment. 
  • Dorota Nosal
  • Mar 9 2015