Financing rate change in OC Loans App
- Molitorisová Marianna
- Petra Jankovicova
Steps to change financing rate on Active Contract
Find the Contract, on which you want to change Financing rate, on dashboard click on Active tile and choose the Contract
On Financing Card click on button Home and Change Financing Rate Wizard
Into field(s) New Financing Rate - Cost and New Financing Rate - Margin enter new value(s)
Then click on Next and Finish.
Note: After these changes is recalculation of the contract realized automatically. All of the changes will be reflected in the Calculator Lines, Financing Contract Changes and Payments Calendar.
It's important to know, that if Daily interest is turn on, the change is calculated from concretely day. If it's turn off, the change is calculated from the last unposted installment.
How to work with contract changes
How to change financing period
How to change principal amount