How to add an Interest rate

Here you can interest rates to be used on different policies.

1. Log in to the Wakandi Admin Panel.

2. Go to Settings and choose Products.
3. Select Interest Rate.
4. Click on Add new.
5. Fill in the details on the interest.

You can choose the frequency on the interest, if it is calculated daily/monthly or yearly

6. Choose between Fixed or Variable interest rates.

The Fixed interest rate is just to enter the % – and it will be calculated according to the frequency you defined.

6b. The variable interest has two dimensions. You can define different interests based on the duration or the amount.

These interest can be used both on savings or loan products.

6. Click Save and the interest can be used in the preferred policy.