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## 2.7.1 Create Product

This topic describes the steps to create a new Product.

This topics contains following subtopics:

- Basic Details
  This topic describes capturing basic details related to identification of products like Product Description, validity period of the product and Product segment under which it is created.
- Business Components
  This topic describes about configuring various types of Business components applicable to the product.
- Product Preference
  This topic describes about configuring various loan account specific preferences applicable for the accounts created under this product.
- Restriction Preference
  This topic describes about configuring products to allowed or disallowed branches, customer categories and/or adhoc codes
- Stage Definition
  This topic describes about configuring the repayment schedule of the loan accounts opened under this product and/or adhoc codes.

Parent topic: Product