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.