System Fees

System Fees


System fees are fees charged by Presta. They may include Presta Service charges and Payment Provider charges. The  fees are applied based on the subscription option selected.


The system fees feature is found in the setup dropdown


The following actions can be done:

  1. Add system fee

  2. Search for a fee.

  3. Edit a system fee

  4. Delete a system fee.


HOW TO ADD A SYSTEM FEE

  1. Click on the lender fee button at the top right of the page.

  1. Fill in the lender fee form with the required details


FIELD NUMBER

INPUT TO FILL

1

Enter the name of the fee

2

Enter the fee type, this could be rate, fixed amount, fixed amount per installment, Upfront principal deduction in percentage or in cash amount, additional principal in percentage or in cash amount

3

The collection rule, This could be a lender expense, deducted from loan disbursements or paid in installments.

4

Select who is to be charged the fee, either the customer or the lender.

5

Enter the account number of the charge account

6

Enter the account number of the expense account

7

Enter the account number of the tracking account

8

Enter the account number of the contra entry account

9

Enter the fee value


After filling the details, click on submit to save the new lender fee.



HOW TO SEARCH FOR A FEE

  1. Click on the search here button

  1. You can search either by name, account number, fee type.

  2. If you cannot find what you are looking for click on the refresh button.


HOW TO EDIT AN EXISTING LENDER FEE


  1. Click on the pencil icon under the actions tab

  1. Edit the values in  the form 

  2. Click on the submit button to save.


HOW TO DELETE A FEE


  1. Click on the delete icon

  1. Confirm this action by clicking on the delete button



    • Related Articles

    • Loan Fees

      The Loan fees feature is found in the setup dropdown The following actions can be done under the loan fees page; Add a new loan fee Search for a specific loan fee Edit an existing fee. Delete a loan fee HOW TO ADD A NEW LOAN FEE Click on the loan fee ...

    • Loan Products

      This feature is found in the setup dropdown The following actions can be done in the loan products page; Create a new loan product. Search for a loan product Edit an existing loan product. Delete an existing loan product. HOW TO CREATE A NEW LOAN ...

    • How to register a customer

      There are two ways to register a customer  Self-registration - This is where a customer dials the USSD code and register themselves. Below is the process: By  Dialing the Lenders USSD e.g *483*911#  Select option 2, Register Fill in the details i.e ...

    • Penalty Setup

      The penalty setup feature is found in the setup dropdown PENALTY CONFIGURATION Penalties are charged when customers fail to pay a loan in time. To charge penalties as a percentage, you click on box 1, enter the rate to charge on box 2 and the day the ...