Mambu Banking Engine

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

An option to include fees due in penalty calculation

Summary

As an Administrator, I want to include selected fees due in penalty calculation method, so that i can configure penalty on zero interest loan product.

What

An option to define penalty calculation using (Overdue Principal + Overdue Fees) * Penalty Rate * Number of Days. Additionally, it should be configurable which fees are to be considered for penalty calculation.

Why

For a product offering with Zero Interest, some financial organizations would like to apply penalty on fees due. As there could be multiple fees and only some of the fees are applicable for the penalty calculation, the option to select/deselect which fees should be considered for penalty calculation is also required.

  • Paribartan Poudel
  • Jun 24 2020
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