Penalty Management

Configurable penalty system with full calculation transparency

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About This Feature

Our penalty system allows you to configure late fees and penalty interest rates per loan. With ACT/365 calculation for penalty interest and configurable grace periods, you can enforce payment terms fairly while maintaining full transparency.

Key Capabilities

  • Fixed late fee configuration per loan
  • Penalty interest rate (% p.a.) using ACT/365
  • Configurable grace period before penalties apply
  • Daily penalty processing with auto-generation
  • Admin review workflow: Approve, Adjust, or Waive
  • Full calculation snapshot showing exact formula used
  • Manual penalty creation for special cases
  • Complete audit trail for all penalty actions

Penalty Management

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See It In Action

Penalty charges awaiting review

Penalty charges awaiting review

Penalty detail with calculation breakdown

Penalty detail with calculation breakdown

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