Configure Your Loan

Based on the calculated amount for the travel plan, the loan amount needed by the customer is set as the default value for the loan. The amount is comprised of the flight costs, accommodation costs, car rental, costs travel, insurance costs, daily spending, and emergency money. There are three products defined in Banking Product Factory.

The page contains two sliders for:

• Personal loan

  The minimum amount is the lowest minimum amount between all three banking products.

  The maximum amount is the highest maximum amount between all three banking products.

• Period (measured in months)

  The minimum period is the lowest minimum tenor between all three banking products.

  The maximum period is the highest maximum tenor available between all three banking products.

Use the pointer to move the sliders left to right.

Once these two parameters are set, there are displayed as read-only fields:

• Monthly payment

  Calculated using the PMT It calculates the monthly payment (principal and interest) required to settle a loan or an investment with a fixed interest rate over a specific time period. formula for the default product selected. For details, see Configuring the Business Formulas.

• Annual Percentage Rate The Annual Percentage Rate (APR) is the cost you pay each year to borrow money, including fees, expressed as a percentage. with the value 5.2%

  Calculated for the banking product named Nomad Loan.

A Travel insurance discount is offered to the customers. Its value is 0.5%. To change it, see Banking Product Factory.

Click Start loan application to start by verifying your identity.