Ideas for the Mambu Banking Engine

Manual interest rate update for active or in arrears loans

What: Allow users to update interest rates for Loan accounts with Fixed interest rates, analog to Index interest rate reviews but for individual accounts.

Why: For some organizations it is a requirement (often by law) to change the interest rate of particular loan accounts on specific circumstances . Since rates cannot be changed tenants resort to rescheduling/refinancing, which does not properly reflect the business scenario of keeping the same accounts with an updated interest rate.

  • Rodrigo Ocampo
  • Nov 26 2015
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