Major Description
Refer Attachment for full details of the requirement.
| Requirement | Changes |
| New loan entity - fee type to be introduced | Upfront Disbursement Fee |
Upfront fee can be on |1. % approved amount
2. Flat|
| 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 |
