5.2.1 Associating the Component with the Product

After defining a fee component, you need to link the fee component to a product in Oracle Lending. Consequently, you can collect and accrue fees on all contracts associated with that product.

Specify the User ID and Password, and login to Homepage.

From the Homepage, navigate to Bilateral Loans Product Definition screen is displayed.

1. On Bilateral Loans Product Definition screen, click Fee tab.
   The Fee Details screen is displayed.

   Note:

   The fields which are marked in asterisk red are mandatory fields.

   Figure 5-1 Fee Details

   
   

   
   Description of "Figure 5-1 Fee Details"

   
   
2. Click Add Row to add fee components. Click Default From Class to associate the required fee component with the product. System defaults the parameters of the selected fee component. However, you can change the parameters according to your requirements.