The Interest rate setup screen can be entered by clicking on Tables from the main navigation tabs and selecting Interests… option from the dropdown list. Select an Interest Rate from the dropdown list and click on.

 

 

 

a)	Product relates to either Mortgage or Loan interest rates
b)	Interest Rate is the name of the interest rate table
c)	Type relates to whether the Interest rate is for a Client or General (Lender rate)
d)	Show name relates to the name as shown on the Multi-lender screen and on printouts
e)	Live name relates to the name the lender gives to their interest rate table
f)	To date reflects the date from which the interest rate table was no longer operative
g)	Date of when interest rate became effective
h)	Interest rate in percentage (e.g. 10.000 is 10 percent)
i)	Lenders to which this interest rate table applies

 

Hint: If you need a rate similar to an existing rate table, then open the existing rate table using the open icon , change the Interest Rate name and type what you wish to save the rate table as (name / type), make your modifications, and press the save icon

 

** Note: From release 4.0.5 the system will use the date of the first rate and the To date as specified to find the best match for a given rate period. This allows companies to set up fixed rates and have them selected automatically in the Multi-lender screen.

 

The linked lenders then appear on the interest list shown on the multi-lender screen. Notice that by un-ticking the checkbox next to the lender selection, the reduced list of applicable interest rate tables is shown.

 

 

 

 

	Retrieve selected table (Code & Type)
	Add new entry to end of table
	Insert new entry prior to selected entry
	Delete selected item
	Save table
	Delete current table (Should be used with care)
	Load in data from external file
	Change date order (ascending / descending)
	Show rows and totals
	Exit current screen
	Decrease font size
	Increase font size

 

 

Related Topics

Tables
External Data Load Screen