Daily loans in OC Loans App
- Molitorisová Marianna
- ludmila.bittnerova
In the Loans App, you can work not only with long-term but also with short-term loans. These usually last less than one month, just a few days.
For the creation of such type of contracts it is necessary to observe:
Financing Calculation Model: Interest Payment
Calendar Month switched on
Daily Interest switched on
Then, in the Expected Termination Date field, select the desired termination date for this contract.
You can change the Expected termination date during the term of the loan, including making changes. It is also possible to extend the repayment and make a short-term loan into a long-term loan - simply select the desired date in the Expected Termination Date field and the contract will be recalculated to the new financing period.
Follow up:
How to create financing product
How to do basic setup of OneCore Loans App