Refer Attachment for full details of the requirement.
|New loan entity - fee type to be introduced||Upfront Disbursement Fee|
Upfront fee can be on |1. % approved amount
|Actual Disbursement Amount =||Disbursement amount entered - upfront fees amount|
|Repayment schedule||Repayment schedule should be calculated based on the actual disbursement amount(Disbursement amount entered - upfront fees)|
|Transaction||Upfront fees should be collected at the time of disbursement(as shown in the transaction sample)|
|Accounting entry||no changes in accounting entries. it remains standard OOB for disbursement, fees, and transactions|
|Repayment schedule calculation||once disbursed with the actual disbursement amount- all calculation remains the same as OOB as per product configuration|