Ideas for the Mambu Banking Engine

Late Repayment Fees Floor & Ceiling Values on %

On the Fixed and Dynamic Loan products, you are able to create a Late Payment fee.
The Fee can either be a fixed value or a % of outstanding principal or disbursement.
The idea has been raised that there should be a Minimum (floor) and Maximum (ceiling) value that should be added to the fee for Regulatory purposes.

  • Justus Roux
  • Jan 9 2020
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