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When Interest Starts Calculating
When Interest Starts Calculating

Do you want to start charging interest at disbursement or at first repayment date?

Karen avatar
Written by Karen
Updated over 6 years ago

LoanCirrus gives lenders the flexibility to choose at what point a loan that they have disbursed to a client starts attracting interest. The most popular option that lenders normally choose is to have the loan start attracting interest on the date it is disbursed. However, another option is for interest charges to start accruing at the first repayment date. 

The options for this interest calculation start are available in the admin section under Products Management, you will see this option under the Interest and Repayments section. 

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