Extend Finance Plan

Use this topic to know how you can add lookup values to the existing finance plan.

The finance plan feature enables you to factor in interest based installment plans with amortization details (in addition to the current 0% interest based installment plans). You can create additional lookup values or extend the amortization attribute sets and make changes as per your business requirements. The extension to these attributes is currently supported only through the API layer.

Seeded Attributes

The following table shows the seeded attributes shipped with the Launch application.

Amortization Characteristics	Characteristic Values
Interest Type	Simple Compound Factor
Pattern Type	Simple Range
Duration	Months Years
Interest Details Sub-characteristics: Range From Range To Interest
Entitlement Templates

You can add a new amortization characteristic or add new sub characteristics within the interest details. To add a new finance plan, you need to execute a PUT call on the REST API endpoint on crmRestApi/atcProductCatalog/11.13.18.05/productCatalogReferenceManagement/v1/customProfileSpecification/{id} with the profileType FINANCE_PLAN.

To access the finance plan template and to know about other related REST API details, see REST APIs for Launch Experience on My Oracle Support, Doc ID 2725039.1

Add a Simple Characteristic

You can add a simple characteristic which takes free form text as input.

{
        "name": "COMPOUNDING TERM",
        "description": "If the interest type is Compound ,if it is compounded annually,half yearly or quarterly",
        "valueType": "STRING",
        "active": true
    }

Add Sub characteristics within Interest Details

To extend the interest details characteristic, specify the relation of the characteristic to the interest details, along with the following values.

{
                "name": "InterestConcession",
                "customProfileSpecCharValue": [
                    {
                        "valueTo": "1",
                        "valueType": "DECIMAL",
                        "isDefault": false
                    },
                    {
                        "valueTo": "2",
                        "valueType": "DECIMAL",
                        "isDefault": false
                    },
                    {
                        "valueTo": "3",
                        "valueType": "DECIMAL",
                        "isDefault": false
                    }
                ],
                 "customProfileSpecCharRel": [
                    {
                        "charSpecSeq": 1,
                        "id": "GlobalFinancePlan",
                        "relationshipType": "PARENT",
                        "name": "interestDetails"
                    }
                ]
            }


The Payload to Extend the Finance Plan can be found in the < Replace with Payload page URL to Sample Payload CustomProfileSpec>