| Wide range of Interest Rate and Payment Plan Options and Flexible Pricing |
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The system enables the user to define products having the following interest rate types and payment plans.
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- Payment plan options
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Increasing/Decreasing Installments
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Increasing/Decreasing Interest Rate
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Flexible Payment Plan (Regular/Irregular repayments)
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Teaser Rates/Buy Down Options
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Reset Option
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Equal Principle
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Decreasing Balance
- Interest rate options
- Fixed Interest Rate
- Variable Interest Rate
- Fixed and Variable Interest Rate
- Increasing/Decreasing Rate
- HELOC
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