This feature is especially useful for Purchase Finance loans using revolving credit functionality such as Buy Now Pay Later, credit cards, and lines of credit. With this feature, you can apply any type of fees such as administration, contract, or commitment fees, on loan accounts, whether the account is active, or approved, and regardless of the account balance. This will help you increase your revenue, reduce your operational costs, and enhance your customer experience.

For more information about Mambu, visit www.mambu.com or to learn more about Revolving Loans please visit our documentation page.