5. Discounts
Applying a discount rule enables the loan product to allow for a discount on the total cost of credit for clients associated with a particular employer.
What this means is during loan origination, if the given loan product is selected AND there is 1 or more discount rules available AND the client's employer (and other criteria discussed below)qualifies the client for a corresponding discount percentage off his/her cost of credit!
This can be accomplished by assigning a discount rule in the Discount Rule Table
Defining a new discount Rule
A discount rule is represented as a singular row within the discount rule table, and it necessitates the fulfillment of certain criteria in order to be defined as a distinct discount rule.
An Employer: Select from a list of Employers to which this discount rule applies for. You may be required to create a new Employer.
Loan Type: Select the appropriate loan type(First, Dormant, Repeat and Top up) for which the current rule is applicable to.
Instalment Frequency: Options include Monthly, Weekly, Fortnightly or All.
The percentage value of the discount. Example 15%
To get started, simply select the drop- down arrow 
apparent on the right hand corner and select the insert new row option.
Once you have created a new Row, simply select the corresponding drop-down arrows present in each column to select an appropriate option.
Adding / Removing Existing Discount Rules
In order to access the list of options that allow you to manage current discount rules, select the "
" symbol located at the end of the corresponding row in the discount's table, as seen in the screenshot below.
The user will then be presented with the following options:
That is all the information you will be required to know when creating a new Loan Product.
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