Specific date fees are applied to a particular date within the loan repayment schedule. The fee will be added to the next installment due on that date. You can apply multiple fees.

I. Create a Specific Date Fee

Click + Fee

• Enter the fee name
• Applied As: Specific due date
• Calculation Type: Select either Flat or Percentage

II. Apply the Specific Date Fee

You can configure the fee directly in the loan product, but specific date fees are typically added to individual loan accounts after creation rather than at the product level.

III. How to Test Specific Date Fees

a. Create a loan account

b. Approve and fund the loan

Once the loan is disbursed, the account becomes active.

c. Apply the specific date fee to a target date

Enter the fee amount for the target date in the repayment schedule.

The fee has been added.