This topic describes about the systematic instructions on benefits.

1. Click Continue in the Bundle Products screen to define the benefits.
   The Benefits screen is displayed.

   Figure 3-177 Benefits

   
   

   
   Description of "Figure 3-177 Benefits"

   
   
2. Specify the fields on the Benefits screen.
   For more information on fields, refer to the field description table.

   Table 3-142 Benefits - Field Description

   Field	Description
   Fees	For each fee, click the Edit icon to modify the details. If waive toggle is enabled. the Benefit Type and Margin are displayed. Under Benefit Type, the available options are: NA Amount Percentage For Margin, If the margin amount or percentage is greater than 0, it will be added to the original fees. If the margin amount or percentage is less than 0, it will be reduced from the original fees. Note: The Bundle Code, Bundle Type, Benefits Applicable Tenure and benefits applicable end-date will be stored against the respective loan account. The benefits applicable end-date will be updated as the account maturity date. If Bundle Type is Perpetual, the Benefits → Fee Spread will be the final fee amount will be included in the account onboarding request. And if Bundle Type is Specific tenor, in event of the component in question not defined in the bundle code, the Bundle Margin Amount will be returned as 'Zero'. If Bundle Type is Specific tenor, the Benefits → Fee Waiver is supported. In this case as the fees are waived, the Bundle Margin amount will be equal to the Original Fee amount with the resultant Final Fee Amount amount being zero. And if Bundle Type is Perpetual, in this case as the fees are waived, the Bundle Margin amount will be equal to the Original Fee amount with the resultant Final Fee Amount amount being zero.
   Interest	For each interest, click the Edit icon to modify the details. For Margin, If the margin percentage is greater than 0, it will be added to the original interest rate. If the margin percentage is less than 0, it will be reduced from the original interest rate. Note: It supports an interest benefit for the entire loan tenor (perpetual), but it does not support an interest benefit for a specific, limited tenor.

   Note:

   The same action can be informed for every bundle product.
3. Perform one of the following action:
   • Click Cancel to discard the changes and close the screen.
   • Click Save and Close or Save to save or save and close the details.
   • Click Continue to save and navigate to the next screen (Attributes).