Loan Products

Loan Products defines each lending product and its rules - interest method and rate, tenor limits, instalment frequency, fees, penalties, eligibility and the linked accounting. Product configuration drives schedule generation, charging and provisioning, so it is the master setup that governs how loans behave.

Workflow

Create or open a loan product.
Set the interest method (flat, reducing balance) and rate.
Define the tenor range, repayment frequency and grace period.
Configure fees, penalty rules and eligibility limits.
Map the product to its accounting accounts and save.

Fields reference

Every field on this screen, drawn from the live data model.

Field	Type	Required	Description
Enable Cycle Progression `enable_cycle_progression`	Yes/No	—	Repeat borrowers get higher limits per cycle
Product Name `name`	Text	Yes	Product Name
Product Code `code`	Text	Yes	Product Code
Interest Method `interest_method`	Choice: Flat Rate, Declining Balance (Reducing), Equal Principal Payments	Yes	Interest Method
Annual Interest Rate (%) `interest_rate`	Decimal	Yes	Annual Interest Rate (%)
Interest Calculation Period `interest_period`	Choice: Daily, Weekly, Monthly, Quarterly, Annually	Yes	Interest Calculation Period
Repayment Frequency `repayment_frequency`	Choice: Daily, Weekly, Bi-Weekly (Fortnightly), Monthly, Quarterly, Bullet (Lump Sum at End)	Yes	Repayment Frequency
Loan Type `loan_type`	Choice: Individual Loan, Group Loan, Emergency Loan, Asset Finance, Agriculture Loan, Education Loan, Business Loan, Salary Advance	Yes	Loan Type
Has Message `has_message`	Yes/No	—	Has Message
Sequence `sequence`	Number	—	Sequence
Active `active`	Yes/No	—	Active
Description `description`	Rich text	—	Description
Color Index `color`	Number	—	Color Index
Minimum Term (Months) `min_term`	Number	—	Minimum Term (Months)
Maximum Term (Months) `max_term`	Number	—	Maximum Term (Months)
Grace Period - Principal (Months) `grace_period_principal`	Number	—	Grace Period - Principal (Months)
Grace Period - Interest (Months) `grace_period_interest`	Number	—	Grace Period - Interest (Months)
Currency `currency_id`	Link → res.currency	—	Currency
Minimum Loan Amount `min_amount`	Money	—	Minimum Loan Amount
Maximum Loan Amount `max_amount`	Money	—	Maximum Loan Amount
Max Amount (First Loan) `max_amount_first_loan`	Money	—	Max Amount (First Loan)
Penalty Rate (% per month) `penalty_rate`	Decimal	—	Penalty Rate (% per month)
Penalty Grace Days `penalty_grace_days`	Number	—	Penalty Grace Days
Penalty Method `penalty_method`	Choice: On Overdue Principal, On Overdue Installment (P+I), On Outstanding Balance, Fixed Amount Per Day	—	Penalty Method
Fixed Penalty Amount/Day `penalty_fixed_amount`	Money	—	Fixed Penalty Amount/Day
Processing Fee Type `processing_fee_type`	Choice: No Fee, Percentage, Fixed	—	Processing Fee Type
Processing Fee (%) `processing_fee_rate`	Decimal	—	Processing Fee (%)
Processing Fee (Fixed) `processing_fee_amount`	Money	—	Processing Fee (Fixed)
Insurance Fee Type `insurance_fee_type`	Choice: No Fee, Percentage, Fixed	—	Insurance Fee Type
Insurance Fee (%) `insurance_fee_rate`	Decimal	—	Insurance Fee (%)
Insurance Fee (Fixed) `insurance_fee_amount`	Money	—	Insurance Fee (Fixed)
Disbursement Fee Type `disbursement_fee_type`	Choice: No Fee, Percentage, Fixed	—	Disbursement Fee Type
Disbursement Fee (%) `disbursement_fee_rate`	Decimal	—	Disbursement Fee (%)
Disbursement Fee (Fixed) `disbursement_fee_amount`	Money	—	Disbursement Fee (Fixed)
Deduct Fees from Disbursement `deduct_fees_from_disbursement`	Yes/No	—	Deduct Fees from Disbursement
Require Collateral `require_collateral`	Yes/No	—	Require Collateral
Min Collateral Coverage (%) `min_collateral_coverage`	Decimal	—	Min Collateral Coverage (%)
Require Guarantor `require_guarantor`	Yes/No	—	Require Guarantor
Minimum Guarantors `min_guarantors`	Number	—	Minimum Guarantors
Max Guarantor Exposure (%) `max_guarantor_exposure_pct`	Decimal	—	Max Guarantor Exposure (%)
Min Membership Duration (Months) `min_membership_months`	Number	—	Min Membership Duration (Months)
Min Savings Balance `min_savings_balance`	Money	—	Min Savings Balance
Max Active Loans Per Member `max_active_loans`	Number	—	Max Active Loans Per Member
Cycle Levels `cycle_ids`	List	—	Cycle Levels
Approval Levels `approval_level_ids`	List	—	Approval Levels

Notes & rules

Model: mfi.loan.product.
Interest methods: flat, reducing balance, etc.
Drives schedule, fee, penalty and accounting behaviour.
Referenced by every loan application.

Technical model: mfi.loan.product · Record: Loan Product