3.12 Pricing

This topic describes the information about the pricing feature in Decision service.

Risk-based pricing refers to the offering of different interest rates to different customers depending on their credit worthiness. Thus, not all borrowers for the same product receives the same interest rate and credit terms. This means that high-risk borrowers who are less likely to repay their loans in full and on time will be charged higher rate of interest. While the low risk borrowers, having greater capacity to make payments will be charged lower rate of interest.

This topic contains the following subtopics:

• Create Pricing Model
  This topic describes the systematic instructions to create pricing model based on various pricing parameter by updating various details.
• View Pricing Model
  This topic describes the systematic instructions to view the list of pricing model.