BNPL PayLater Product Template
Configuration Fileds | Description | Example |
Currency | Credit line currency details | Indian Rupee |
Credit Line Sequence | Sequence pattern for the credit line | INDFKL000001XYZ |
Credit Line Product name | Name of the Credit Line | M2P BNPL |
Credit Line Short name | Short name of the credit line | CL |
Minimum Limit | Minimum limit of the credit line | 1000 |
Maximum Limit | Maximum limit of the credit line | 200000 |
Billing Date | Billing Date of the Credit Line | 1st of every month |
Due Date | Due Date of the Credit Line | 5th of every month |
Minimum Tenure | Min Validity of the credit line | 2 Years |
Maximum Tenure | Max Validity of the credit line | 5 Years |
Rounding Modes | rounding mode of the credit line | HALF_UP |
Decimal Point | Decimal point of the credit line | 2 |
Paylater Interest | If have any interest rate for PayLater | 0% |
Credit Terms | PayLater Interest Calculation count | 30/360 |
Line Payment Strategy | Repayment strategy of credit line | billedprincipal-principal-fee-penalty |
Line Payment Strategy on NPA | Repayment strategy of credit line on NPA | fee-penalty-billedprincipal-principal |
Payment Strategy on Excess | Repayment strategy of credit line on excess | billedprincipal-principal-fee-penalty |
Excess Amount Handler Strategy | Allocation methods for excess amount | ALLOCATE_ON_OUTSTANDING / |
Available Amount Computation Strategy | Limit can increase or not on excess payment | AVAILABLE_LIMIT_INCLUDING_EXCESS_MONEY / |
Grace period for Account Arrears | Grace DPD days for Overdue | 0 |
NPA DPD days for account arrears | DPD days for NPA | 90 |
Move out of NPA with Overdue | For parital payment can we move out of NPA or not | No |
Waiver of charges based on strategy | Waiving the Paid and unpaid charges | REFUND_PAID_CHARGE |
Tax Components | Tax Component Details based on Inter/Intra state(Applicable for India) | CGST, SGST, IGST |
Tax Group | Group name of the Tax | GST |
Billing Inforamation For GST | feature is to pick the appropriate tax components | Billing Name : M2P Billing Info |
Freeze account details | Soft and Hard freeze details | 3<DPD<45 - SoftFreeze |