Short-Term Loan Control
This feature is designed to adjust the loan term to 365/366 days (no more than 1 year).
1. Purpose
Used for automatic correction of the repayment date if it exceeds 1 year.
2. Configuration
The setting is available in two places:
- Credit Product: In the "Short-term loan control" field, select "Yes".
- Contract: Check the "Short-term loan control" checkbox.
3. Operating Conditions
Correction occurs if:
- The repayment date is calculated for a period no later than 30 days after the 365th/366th day of the contract.
- Dates are adjusted considering holidays and weekends so that the loan term does not exceed 1 year.
4. Example
Contract issued: 01.05.2019 12 tranches of 32 daysPlanned repayment: 26.05.2020
Without short-term control:
Loan term exceeds 1 year (26.05.2020).
With short-term control:
Repayment date adjusted to 29.04.2020.
Payment Schedule:
The adjustment shortens the last tranche.
Short-term loan control regulates the short-term nature by reducing the duration of the last tranche.