1. Loan Collection Setup Guide
  2. Product
  3. Asset Billing Rate
  4. Asset billing Calculations
  5. Flat Amt + Rate Calculation

4.8.3.3 Flat Amt + Rate Calculation

In Flat Amt + Rate calculation, system calculates the Transaction Amount using below formula.

Transaction Amount = Flat Amt + Rate * (Billing Points at Collateral/Base Points)

Note:

The Rate and Flat amount are adjusted based on Frequency and Billing Cycle.

Parent topic: Asset billing Calculations