Return to Regular Interest Rate from the Next Tranche After the Delay is Repaid
Number of days before switching to the overdue rate, by default for your products the following values are specified:
- Return to regular interest rate from the next tranche after the delay is repaid - YES
- Number of days before switching to the overdue rate – 0
That is, in this case, the transition to the increased rate occurs from the first day of delay, and the return to the preferential rate will be from the first day after the borrower repays the current debt.
If the parameter Return to regular interest rate from the next tranche after the delay is repaid – is set to NO, then the return to the preferential rate (in case of delay repayment) will occur from the next tranche.
Combinations of these settings can be applied individually to a specific contract. This should be done at the time of creating the application.
- Create a loan application.
- Select the credit product
- On the Credit Product tab, specify the required values
As for already issued loans, these values can be changed during the life of the contract. To do this, you need to:
- Open the contract in edit mode
- Set the required parameters
In this case (in the screenshot above), the contract will switch to the increased rate from the 15th day of delay, and in case of debt repayment, it will return to the preferential rate the next day.