Interest Type Configuration

Configure how interest is calculated for loans. This setting affects all new loans.
Global Interest Settings
How interest rates are determined for new loans
Days with no interest charge
Days to consider as 1 month
Fixed Interest
One rate for all

All loans use the same interest rate regardless of amount or duration.

Example: 2% per month for all loans

Configure Fixed Rates
Dynamic Interest
Time-based rates

Interest rate changes based on loan duration. Increases after certain months.

Example: 2% for 0-3 months, 2.5% after 3 months

Configure Dynamic Rates
Amount-Based
Loan size matters

Different rates for different loan amounts (slabs).

Example: 2% for ₹0-10k, 1.5% for ₹10k+

Configure Amount Slabs