2.0 Calculate Loan Interest

Reference: Establish and Maintain Loan Process Model - Page 1 for the business process diagram associated with this activity.

Actor/Role: CC&B

Description: Based on the Loan information entered, CC&B calculates the interest rate for the Loan Service Agreement. The interest rate may be overridden.

Entities to Configure

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SA Type

•	SA Start Option

Available Algorithms

•	LINT-SI - This loan interest charge algorithm calculates the interest charge (using simple interest only) for a loan service agreement for a particular bill period.