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Jan 29, 2016 at 11:29 AM
# Interest calculation

Hi All,

We have interest calculation scenario where interest to be calculated on slab rate base.

- For first 30 days from the due date is 10%
- For next 30 days from the due date is 20%
- 60 and above days is 50%.

Can this requirement achieve with standard configuration with bellow mentioned path?

Interest Calculation - Item Interest Calculation - Define Reference Interest Rates - Define Percentage Rates for Reference Interest Rates - Define Interest Calculation Rules - Define Interest Key - Maintain Amount Limits for Debit/Credit Interest - Define Interest Lock Reasons - Define Specifications for Interest Calculation - Activate Additional Functions for Interest Calculation - Define Clearing Reasons for Which Interest is not Calculated - Define Specifications for the Mass Run.

I am facing challenge to map different % at interest key while assigning at contract level.

If enhancement is needed can you suggest the reference information to take it forward?

Regards,

Hari