How to Add Loan Fees to a Loan Product
For a loan fees to be applied to a loan, it must be added to the loan product.
To do this, follow the steps below:
- Go to Setup-> Loan Products
- Click on the edit icon on the product that you want to add loan fees
- Scroll to the Loan fees Section and click on Add
- Select the loan fees and all the other details will auto fill based on the loan fees settings and click on save.
- After you have added all loan fees, scroll to the bottom and click on Submit.
Once the fees have been added, you should be able to select them when creating a loan
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