Term Loans

A term loan is a banking product which defines a loan for a specific amount that has a repayment schedule and either a fixed or floating interest rate.

Creating Term Loans

To create a new term loan from scratch, navigate to main menu > Banking Product Factory > Banking Products, and click the Insert button. A new page opens, with a series of tabs that assist you in configuring the banking product. Or, you can create banking products directly from the product category level, allowing Banking Product Factory to automatically fill in the information inherited from the product category.

Alternatively, you can create a term loan by duplicating an existing one. Click the Duplicate button on the Banking Products List page. Make sure you change the Banking Product Code and Name according to your business needs.