Products & pricing

A loan product is the template a loan is priced from. Every field below shapes the schedule the calculator produces — the same engine prices a preview in the Calculator and a real loan at origination, so a booked loan carries exactly what the product configures.

Identity & currency

Field	What it does
Code	Short unique code used to resolve the product (partners reference it by code).
Name	Human-readable product name.
Currency	ISO currency (e.g. ISK, EUR).
CurrencyMinorUnits	Decimal places the currency rounds to — 0 for ISK (whole krónur), 2 for EUR (cents). Every amount is rounded to this precision.

Interest & repayment

Field	What it does
BaseInterestRatePercent	The annual nominal rate the schedule is priced at.
RepaymentMethod	How principal and interest are split across installments (below).
DayCountConvention	How a period's interest fraction is computed from the calendar (below).
RoundingRemainder	Which installment absorbs the sub-unit rounding difference (below).

Repayment methods

• Annuity — a level total payment each period (equal installments). Interest-heavy early, principal-heavy late. This is the default.
• Equal principal — an equal principal amount each period; the total payment declines over time as interest shrinks with the balance.

Day-count conventions

• 30/360 — every month counts as 30 days and the year as 360 (US/NASD). A month-aligned schedule accrues exactly 1/12 per period. Default.
• Actual/365 — actual calendar days over a 365-day year.
• Actual/360 — actual calendar days over a 360-day year.

Rounding remainder

Amortizing to a whole balance leaves a sub-unit remainder; it's carried by either the first or the last installment (Last is the natural amortize-to-zero and the default).

Fees

Field	What it does
BorrowingFeePercent	An origination fee as a percent of principal.
BorrowingFeeFinanced	If true, the fee is added to the amount financed (the borrower repays it over the schedule); if false, it's deducted from the cash paid out at disbursement.
BorrowingFeeReducible	Whether the fee is reduced proportionally on early settlement / prepayment.
TransactionFeePerInstallment	A flat fee added to every installment.

Structuring options

Field	What it does
DownPaymentPercent	An up-front portion of principal the borrower pays at the start, reducing the financed amount.
PrincipalGracePeriods	Number of leading installments that carry interest only (no principal).
InterestGracePeriods	Number of leading installments with no interest charged.
MaxAprPercent	An APR cap. Pricing validates the effective APR against it, so a loan can't be booked above the product's legal/usury ceiling.

Servicing configuration

These don't affect the initial schedule but govern what happens after activation:

Field	Drives
PaymentWaterfall	The order incoming money is applied in — see Payment waterfall.
DefaultInterestRatePercent	The penalty rate on overdue balances — see Delinquency & fees.
LateFeeAmount + LateFeeInterval	A recurring late fee (daily / weekly / monthly) while in arrears — see Delinquency & fees.
IsActive	Whether the product is available for new loans (inactive products are hidden unless "show inactive" is toggled).

Products are managed in the console under Administration → Products.