Loan Origination : Under ORDRLUND, System Incorrectly Calculates The Interest Rate
(Doc ID 2427097.1)
Last updated on FEBRUARY 12, 2019
Applies to:Oracle FLEXCUBE Universal Banking - Version 12.0.1 and later
Information in this document applies to any platform.
Under Application category we have maintained an offer with floating rate code with rate maintained in CFDFLTRI as 14%
Customer has requested for 6/% interest under requested tab.
In Underwriting when customer applies the offer with floating rate code, system populates Loan UDE values (Resolved value) for the INTEREST_RATE UDE as 20% (Requested Interest rate + floating rate) i.e. 6% + 14%.
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