Enables you to create and maintain different loan types, and assign default pay elements.

Selection

Loan Type

Enter the ID of the loan type that you want to maintain, or leave blank to display all available loan types.

Paging Area

Loan Type

Enter the ID of the loan type.

Calc Type

Enter the loan interest type, which can be one of the following: C - Compound Interest, N - No Interest or S - Simple Interest.

Long Description, Short Desc

Enter a long and short description of the loan type.

Capital PE

Enter the ID of the default pay element to use for loan capital deductions for this loan type, or select one by clicking window to display Pay Element Selection.

Note: You cannot use the same pay element for more than one loan type.

Interest PE

Enter the ID of the default pay element to use for loan interest deductions for this loan type, or select one by clicking window to display Pay Element Selection.

Benefit PE

Enter the ID of the default notional pay element to use for the taxable benefit element of a loan of this type, or select one by clicking window to display Pay Element Selection.

MD129S3

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