Ideas for the Mambu Banking Engine

Single Running Balance - Interest capitalisation - Revolving Credit

What?

Capitalise interest into the loan account's outstanding principal balance.

Similar to a transactional account, accrued debit interest is capitalised into the account balance increasing the loan's principal balance.

Allow settings for the capitalisation frequency of:

  • monthly on the account's anniversary
  • monthly on the last day of the month
  • monthly on the first day of the month
  • monthly on a customer defined day

This requirement is more general but overlaps with APP-I-1214 (dynamic loans)

Note: 1) Interest capitalisation configuration for interest payment points

  • Sascha Dannroth
  • Nov 1 2018
  • Will not implement
  • Attach files