Program and Products functionality has been designed in order to create predefined sets of loan conditions.
Programs deal with the client- and property- related conditions , while products deal with different interest rate types.
Each program has a set of rules to adhere.
Program and Products enable automatic Loan Rate calculation using floating, fixed or mixed types of Interest rates and more than 40 different attributes of loan, client, and property.
- 6 mn. Euribor Mortgage: Mortgage product, where interest rates is based upon 6 month Euribor. Loan rate is reset each 6 months, based on new Euribor value.
- 1 Year Fixed 12mn Libor Mortgage: Mortgage product, where interest rate is fixed for the first 12 months. Later loan rate is reset every 12 month, based on new 12 month Libor value.
- Employee Loan: Program for Lender’s employees. Includes rule, requiring borrower to be lender’s employee.
- Young Professional Loan: Program, designed for young professionals.Includes rules for borrowers’ age and job position.