Several variants for a borrower cycle can be configured for:
- Principal Amounts (Minimum, Default, Maximum)
- Number of Repayments (Minimum, Default, Maximum)
- Interest Rates (Minimum, Default, Maximum)
Principal Variations for the Borrower Cycle
To add principal variations, click on Add until there are enough rows for the required principal variations. Complete one row for each principal variation.
| Field Name (Attribute) | Description |
| Logical Operator | Select equal or greater than from the dropdown list. |
| Borrower Cycle | Identify the borrower’s cycle (see Glossary) affected by the principal variation. |
| Minimum | The minimum amount of principal. |
| Default | Default |
| Maximum | The maximum principal amount. |
Borrower Repayment Number Variation
To add repayment numbers, click on Add until there are enough lines for the required repayment variations. Complete a line for each repayment number variation.
| Field Name (Attribute) | Description |
| Logical Operator | Select equal or greater than from the dropdown list. |
| Borrower Cycle | Identify the borrower’s cycle affected by the principal variation. |
| Minimum | The minimum amount of principal. |
| Default | Default |
| Maximum | The maximum principal amount. |
Interest Rate Variation for the Borrower Cycle
To add interest rate variations, click Add until there are enough lines for the required number of interest rate variations.
| Field Name (Attribute) | Description |
| Logical Operator | Select equal or greater than from the dropdown list. |
| Borrower Cycle | Identify the borrower’s cycle affected by the principal variation. |
| Minimum | The minimum amount of principal. |
| Default | Default |
| Maximum | The maximum principal amount. |
Scenario 1: Variations Apply to the Third and Fourth Loan Accounts of This Loan Product for a Client
Implementation:
Principal Variations:
- Add two lines to the Principal Variations section for the borrower cycle.
- In the first line, select “equal” from the dropdown list.
- Enter the number 3 in the borrower cycle field.
- Input the minimum, default, and maximum principal amounts for the third borrower cycle.
- In the second line, select “equal” from the dropdown list.
- Enter the number 4 in the borrower cycle field.
- Input the minimum, default, and maximum principal amounts for the fourth borrower cycle.
Repeat the above steps for the number of repayments and the interest rate, if applicable.
Scenario 2: Variations Apply to All Loan Accounts of This Loan Product After the First Loan Account of a Client
Implementation:
Principal Variations:
- Add one line to the Principal Variations section for the borrower cycle.
- In the line, select “greater than” from the dropdown list.
- Enter the number 1 in the borrower cycle field.
- Input the minimum, default, and maximum principal amounts for cycles after the first.
Repeat the above steps for the number of repayments and the interest rate, if applicable.