This chapter describes the process of calculation creation in detail, for general overview and short process please follow
How to create calculation in general
Calculation creation
To create new Loans you can use 3 possibilities :
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Financing Product Code - Loan type with predefined default Financing paramaters as Validation, Series No, Calculation parameters(Calendar Month, Calculation method, Financing period, Rates, Fees) or Invoicing (Posting Groups, Payment Terms). For more information please see How To Create Financing Product.
Payment Due Date
Part Payment Period - Finnancing period - Month, Quarter, Half Year, Year
Principal Amount
Initial Fees - Fees for Issuying the Loan - separate invoice is automatically issued after the loan is approved
Service per Financing Period - Service amount is calculated in Payment Calendar
Insurance per Financing Period - Insurance amount is calculated in Payment Calendar
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