We are currently updating our site; thank you for your patience.
Contract
Interest Rate
The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned. The interest rate on a loan is typically noted on an annual basis known as the annual percentage rate (APR).
Ribbon Access: Configurator > Contract > Interest Rates |
- The Base Interest Rate screen will be displayed.
- Here you can view a list of the interest rates already set up on the system.
Add Interest Rate
- Right click in any row of the Interest Rate data grid.
- A Process menu will pop up.
- Click on Add - Add New Interest Rate.
- Interest Rate: Click in the text box and either type in or use the arrow indicators to select the interest rate amount.
- Effective Date: Click in the text box and either type in or click on the drop-down arrow and use the calendar function to select the date from which you wish this rate to be effective.
- When you have finished adding the new interest rate and effective date, press Enter on your keyboard.
- An Update message box will pop up asking;
- Are you sure you want to save changes to this Interest Rate?
- Click on Yes.
- The new interest rate will be saved and a new row will be added to the Interest Rate data grid.
MNU.141.005