Mambu Banking Engine

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

 

Merged idea

This idea has been merged into another idea. To comment or vote on this idea, please visit APP-I-366 Allow specifying the last instalment on products with balloon payments.

Balloon payment with defined principal in the last installment (Part Interest Only and Part Repayment Mortgages) Merged

Why?

Customers contracting a balloon payment method sometimes expect to be able to define what will be the residual principal in the last installment rather than specifying what will be the monthly installment.

What?

Enable configuration on the product and/or on the account level that would enable that during account opening process Mambu users (or API) can define either installment amount or residual principal in (or on top) of the last installment.

  • Tom Drincic
  • Oct 5 2020