🔹Fee Settings
In fee settings, "Loan Fees" pertain to charges associated with the loan, "Transaction Charges" involve fees for specific financial transactions, and "Account Opening Fees" are incurred when opening
Last updated
In fee settings, "Loan Fees" pertain to charges associated with the loan, "Transaction Charges" involve fees for specific financial transactions, and "Account Opening Fees" are incurred when opening
Last updated
Click 'Fees Settings', and select 'Loan Fees' to view the list of created loan fees.
Click 'Add New Fees' and complete the form accurately, selecting the fee type as either 'Rate' or 'Fixed Amount,' with the option to create a range when enabling 'Varies with Transaction.'
Choose the payment type as 'Upfront' (where the fee is paid in full before the loan is disbursed) or 'Disbursement' (where the fee is deducted from the loan amount at the time of disbursement) or payment (where the fee is deducted whenever a loan payment takes place)
Click on "Transaction Charges" to view the list of transaction fees, and you'll also find a button labeled "Add New Transaction Charge" that allows you to create charges applicable to withdrawal, deposit, and transfer transactions.
In 'Applies To,' select 'Savings Product,' then search for and choose the savings products to which you want the charge to apply.
To view the account opening fees, click on "Account Opening Fees," and a display of existing fees will be presented.
Upon clicking "General Settings," you will be prompted to configure whether you want to impose account opening fees, specify the collection method for these fees, and determine whether it's mandatory for clients to clear the fee to activate their accounts.
To add a new fee, click 'Add New Fees,' fill in the required information, select the fee type, specify the recipients, and submit the form.
Click on 'Fees Settings,' select 'Recurring Fees,' and you'll see a display of existing recurring fees. To add a new one, click on 'Add New Recurring Fees,' accurately fill in the form, and save.
Recurring fees are charges that occur at regular intervals and are typically associated with ongoing services or subscriptions.
Click the 'Action' button to edit or delete.
