Loans: Interest and
Payments 
Use
You use the Interest and Payments set types (CRM_PROD_FS003) to define settings for interest calculation and loan disbursement.
Features
· When you maintain a financial service product (FS product) you enter the following settings for interest and payments:
¡ Effective interest calculation clearing frequency
If you want to use the effective interest method according to Moosmüller or the US Treasury, the system needs the effective interest clearing frequency as a value for calculations.
¡ Maximum number of partial payments rules
¡ Minimum period in which no loan repayment is made
¡ Maximum period in which no loan repayment is made
· When you use the FS product in a business transaction, the system transfers the settings for interest and payment.
You cannot change these settings in the business transaction in the standard system.