Create a product
A Finance company can have many products per asset class. Originator Groups can be linked to different Products. This gives the Finance company the ability to control which originator groups (brokers, branches etc) can access which products.
1. To Create a Product navigate to Configuration -> Setup
2. Select Products under Products Section
3. Click on 
icon in the top right hand corner to create a new Product
4. Enter the details and Click on Save to complete creating the Product.
Finance company : Select the Finance company from the drop down list. The user will only see the finance companies in the list that he has access to.
Product Code : Provide a product code
Description : Enter a meaningful name for the product
Is Default : If checked this will be the default product when its corresponding originator group product is chosen.
Enabled : If ticked product will be active, else not active.
Allow Early Repayment : If checked it means that the loan may be paid out before the full term has run its course.
Claim Tax for GST : If set to yes : Finance amount will be inclusive of GST and commissions and repayments will be based on the amount inclusive of GST.
If set to No : Finance amount will be exclusive of GST and commissions and repayments will be based on the amount exclusive of GST.
Repayment Holiday Available : If checked means that the first repayment date may be pushed forward into the future by as long as it necessary.
Settlement Retention Percent : If there is to be a retained amount of money of the original loan retained when a contract is settled to cater for possible dishonouring of borrower payments in peer to peer environment.
5. Click on Save to complete creating the product.
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