Financial Services Creatio, lending edition
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This documentation is valid for Creatio version 7.15.0. We recommend using the newest version of Creatio documentation.

How to set up lending conditions

The [Sales condition] page is designed for setting up those product characteristics that change depending on the specifics of a sale, for example, the correlation between the interest rate and the term of the loan, special conditions for different customer categories, etc.

Here we will set up an example of lending conditions for a loan product in which the interest rate depends on the customer segment, loan term, and amount.

1.Go to the [Products] section and open the needed product page.

2.Click the btn_chapter_mobile_wizard_new_role00001.png button on the [Product details] detail (Fig. 1).

Fig. 1 Adding a product condition

scr_section_products_terms_and_conditions00002.png 

3.Go to the [Sales conditions] tab.

4.Click the btn_chapter_mobile_wizard_new_role00003.png button on the [Sales conditions] tab (Fig. 2).

Fig. 2 Adding opportunity conditions

scr_section_products_lending_conditions.png 

5.On the opened page:

a.Enter the lending condition name, for example, “For corporate customers”.

b.Click the [Add parameter] button (Fig. 3).

Fig. 3 Creating opportunity conditions

scr_section_products_add_new_parameter_condition.png 

6.In the appeared field select the “Customer segment” and specify “Corporate customer” value for it (Fig. 4).

Fig. 4 Selecting a value

scr_section_products_choose_corporate_clients.png 

7.Click the [Add parameter] button and select “Interest rate, yearly”.

8.Change the view of the value entry field to table view:

a.Place the cursor over the selected value.

b.Click the btn_products_change_field00004.png button.

c.Select “Table view” (Fig. 5).

Fig. 5 Selecting table view to create opportunity conditions

scr_section_products_client_group_table.png 

As a result, the [Interest rate, yearly] parameter will switch to the table view (Fig. 6).

Fig. 6 Table view of an opportunity condition parameter

scr_section_products_table.png 

9.Select [Loan term, months] in the right part of the table (Fig. 7).

Fig. 7 Opportunity condition in a table view

scr_section_products_create_table.png 

10.Specify the terms in months for which the loan can be granted in months (Fig. 8).

Fig. 8 Specifying the loan terms

scr_section_products_add_periods.png 

11.In the left part of the table, select the “Amount” value, and specify available ranges for the credit amount (Fig. 9).

Fig. 9 Formulating the credit amount ranges

scr_section_products_create_tables_summ.png 

12.Specify the interest rates for each intersection of the loan term and the amount (Fig. 10).

Fig. 10 Formulating interest rates that depend on the loan terms and amounts

scr_section_products_create_table_percent.png 

13.Click the [Save] button to save the generated table of the opportunity conditions.

As a result, opportunity conditions will be formed for the corporate customers of your bank (Fig. 11). For example, if a corporate customer applies for a loan of 300 000 USD for 12 months, the interest rate will be automatically set to 18%.

Fig. 11 Formulated product opportunity conditions

scr_section_products_table_finish.png 

See also

The product page

How to specify product details

How to set up customer parameters

How to set up product features

How to set up the document package

How to set up condition change criteria

The [Product categories and types] lookup

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