Interest Slab Config
Configure interest rules for new pledges and Pay and Close — Settings → Master.
What is this page?
Interest Slab Config defines how much interest you charge by loan amount, tenure (months), and product type — including rules for Pay and Close.
Settings → Master → Interest Slab Config (/settings/masters/interest-slab-config).
Why you use this page
- New pledges auto-pick interest from active slab.
- Pay and Close screen uses Pay and Close slab type for settlement charges. The interest rate comes from the tenure band that matches calculated months (from Pay & Close policy); interest amount = loan × rate × calculated months.
What you see on the screen
What you will see on the screen
- Slab list — named configurations.
- Add slab modal — jewel type, slab type (new pledge vs Pay and Close).
- Loan amount bands — chained rows from ₹0 to ₹99,99,999 with no gaps or overlaps.
- Tenure bands (months) — under each amount band for Pay and Close; chained 0–999 months.
Band editing (amount and tenure)
- From is auto-filled; edit To on each row. The next band starts at +1.
- The last band’s To is locked to the ceiling (₹99,99,999 for amount, 999 for months).
- Use Add band to split a range; delete removes a band (at least one must remain).
- Overlaps and gaps are prevented by the editor.
Step-by-step: add interest slab for new pledges
Open Interest Slab Config
Settings → Master → Interest Slab Config.
Add slab
Open add modal → pick jewel type (Gold/Silver/Brass).
Set slab type
Choose Add Pledge.
Configure amount bands
Each band row has Interest % and Document charges for that loan amount range.
Save
Validation runs if bands are incomplete.
Step-by-step: Pay and Close slab
Add slab with Pay and Close type
In modal, select Pay and Close as slab type.
Add tenure bands (months)
Under each amount band, set From month / To month, Interest %, and Notice charge. Example: 0–6 months at 2%.
Save and test
Run Pay and Close on a pledge — confirm the rate matches the band for its calculated months.
What happens after save?
- Add Pledge uses the amount band matching loan size.
- Pay and Close picks the tenure band where calculated months fall (e.g. 4.5 months in 0–6 → 2% rate; interest = loan × 2% × 4.5).
Tips
| Tip | Why |
|---|---|
| Match signed shop board | Legal compliance |
| Use months, not days | Aligns with calculated months at close |
| Test both pledge and close | Two slab types |
If something goes wrong
| Problem | What to do |
|---|---|
| “At least one tenure band” | Add tenure rows under each amount band |
| Wrong interest on close | Check calculated months vs tenure band bounds |
| Cannot save slab | Read validation message — bands must be contiguous |