Support Center

Types of Loan Products

Last Updated: Sep 20, 2018 09:36AM CEST

Mambu supports five types of loans as listed below.

1. Fixed Term Loan
A type of product with Fixed interest rate, which is determined at loan account creation and does not decrease with prepayments. 

2. Dynamic Term Loan
A type of product with Dynamic interest rate, which allows for interest recalculation and reduction when prepayments are performed. 

3. Interest-Free Loan
A type of product with no interest charged.

4. Tranched Loan 
A type of product that allows for loan disbursement in tranches.

5. Revolving Credit 
A type of product that allows multiple disbursements and repayments on the account, similar to an overdraft, except that it has a payment plan associated with it in which some amount of principal and interest may be paid.

6. Offset Loan
A type of loan product which allows for a dynamic interest calculation, which allows enabling the "Redraw" facility for it, ultimately allowing a borrower to borrow money they've already prepaid. You can read more about it here


The type of product can be selected when a new product is created:



Products can be made available to both Clients and Groups or to Solidarity Groups.

support@mambu.com
http://assets1.desk.com/
false
desk
Loading
seconds ago
a minute ago
minutes ago
an hour ago
hours ago
a day ago
days ago
about
false
Invalid characters found
/customer/en/portal/articles/autocomplete