Product Settings: How do I adjust or customize the attributes or terms of a product?

From loan amounts to fees, from day count convention to accrual method, you can customize these terms and attributes for each of your products on Happy Mango.  

1. Select the existing product or add the new product on the System Settings - Products page. 

2. Click on "Attributes" from the left menu of the product settings page. 

3. Set the minimum to maximum range for key product terms, such as loan amounts, maturity, interest rates, payment frequency, grace period.  During the approval and closing steps of the application review process, the loan officer will specify these terms for each approved application.  However, her choices will be constrained by the inputs entered in the "Terms" section.

4. Set the rules for calculating payments . The Calculation section is available for loan and lines of credit products.  The inputs in this section determines how the loan payments are calculated. 

5. Set the rules for the timing and amount of various fees. Each type of product may be associated with a different set of fees.  For example, you will find an elaborate set of fees associated with credit cards in this section.  You can use the inputs in this section to specify the amount of each fee and when it is collected in the application process.  

6. Never forget to click on "Save Changes" at the bottom left of the page to save all your work!