Cycle
Define how frequently interest is charged.
Interest List
Define a comma separated list of interest frequency options.
Limit Interest cycle to List?
Check to limit the Interest Cycle selection to the list. Eg. if this is checked and the interest cycle frequency is not in the list it cannot be entered.
Available Types
Define which startup interest types are applicable. To have no startup interest select 'Not Applicable'.
Startup Type
Define the default startup interest type for new Accounts.
Rate Table
Define the current Rate Table you wish to default on for new Accounts and the interest margin (if applicable).
Period
Optionally define a specific period for the Startup Interest period.
Period List
Optionally define a comma separated list of startup interest period options.
Limit Startup Interest period to List?
Check to limit the Interest Startup period selection to the list. Eg. if this is checked and the interest startup period is not in the list it cannot be entered.
Available Types
Define which interest types are applicable.
Interest Types
Define the default interest type for new Accounts.
Interest Rate
Define the current Interest Rate you wish to default on for new Accounts.
Other Type
Select the Other Interest Type to be used; the options are as follows:
- Utilisation Interest is calculated as the difference between the Credit Limit and the daily balance multiplied by the Interest Rate.
- Custom Interest is used when calculating interest via a Script.
Other Rate
If you are using the Other Interest Type enter the Rate.