Article Details
| Id: | 20821 |
| Product: | finPOWER Connect |
| Type: | FIX |
| Version: | 4.00.04 |
| Opened: | 12/10/2023 |
| Closed: | 12/10/2023 |
| Released: | 05/12/2023 |
| Job: | J032221 |
 High Importance |
|
Revolving Credit Loans; may not show the correct Interest Rate whilst a Quote
Revolving Credit Loans may not use the correct Interest Rate under the following circumstances:
- The Loan is Quote, e.g. in the New Account wizard.
- Where a Rate Table is used.
- The Rate Table includes tiered rates.
- The tier that should be used is not the first tier.
Once the Loan is open the correct Interest Rate is used.
Note, this applies to both Startup and Ongoing Interest.