The fixed yearly interest option is within the Credit Product Policy (CPP). This new feature enables interest to be calculated on a flat configuration basis, delivering a straightforward and predictable method for interest calculations. Key Features How to Enable To enable the fixed yearly interest option, please follow these steps: Upon activation, the system will…
Overview Administrators now have the ability to maintain version control for credit product policies, ensuring that unapproved modifications do not affect active loan products. This feature provides a reliable way to track and manage policy changes, enhancing transparency and control. By implementing version control, administrators can streamline policy updates and approvals, ensuring a systematic and…
The withdrawal charges feature ensures a transparent and seamless transaction experience by deducting fees directly from the member’s account balance. This allows members to receive the full withdrawal amount they request, eliminating unexpected deductions. It enhances trust, improves financial clarity, and ensures accurate charge application, making transactions more predictable and user-friendly. Follow these steps to…