Ideas for the Mambu Banking Engine

Ability to charge arrears interest on overdue interest

What: Ability to charge arrears interest on overdue interest. Mambu should be enhanced to accrue arrears interest on overdue interest.
Note - Annual interest rate is the underlying loan rate for the loan account.

Why: This is a standard market practice in the UK at the prevailing underlying loan rate

  • Gerard Loedolff
  • May 20 2020
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