Loan Agreement
Understanding Document Merge Fields:
Loan Agreement Group
This group of merge fields ({^Field
Name^}) provides access to data related to a specific loan agreement.
This data is typically drawn from the Client Administration > Search
for a Client > New Loan section of the system.
Loan Agreement Merge Fields
- Admin Fee:
{^Admin
Fee^}
- Applicable for Simple and Compound Interest
Calculation Methods.
- Annual Interest Rate:
{^Annual Interest Rate^}
- For NCA Unsecured Loans. Calculated as:
Factor multiplied by Repo Rate plus Percentage to Add.
- Annual Rate of Total Credit:
{^Annual Rate of Total Credit^}
- Calculation (Simple and
Compound): ARTC (Annual Rate of Total Charge of Credit) = Interest
Rate / Period Factor (determined by the payment frequency).
- Monthly & Monthly
by Rule: ARTC *= 12
- Weekly: ARTC *= 52
- Fortnightly: ARTC *= 26
- RSA Note: In South Africa,
rates and charges are calculated together as a rate of the loan
total.
- Capital and IF:
{^Capital and IF^}
- Capital and IF (Excl. VAT):
{^Capital and IF (incl. VAT)^}
- Cashbox Name:
{^Cashbox
Name^}
- Client Picture Linked to
Loan:
{^Client Picture linked to Loan^}
- Compuscan Enquiry Reference linked to
Loan:
{^Compuscan Enquiry Reference linked to
Loan^}
- Compuscan V1 NLR Reference linked to
Loan:
{^Compuscan V1 NLR Reference linked to Loan^}
- Compuscan V2 NLR Reference linked to
Loan:
{^Compuscan V2 NLR Reference linked to Loan^}
- Credit Cost Multiple:
{^Credit Cost Multiple^}
- This is the ratio of the
Total Cost of Credit to the Principal Debt.
- Calculation: Total Cost of
Credit Amount divided by the Loan Capital Amount.
- Credit Sector:
{^Credit Sector^}
- For NCA Loans. This is set on the selected
Loan Product:
Setups > Loan Related > Loan Product > Edit
Loan Product > Credit Sector.
- Custom Reference:
{^Custom Reference^}
- Experian Enquiry Reference linked to
Loan:
{^Experian Enquiry Reference linked to Loan^}
- Final Instalment Amount:
{^Final Instalment Amount^}
- The agreed final installment
amount.
- Final Instalment Date:
{^Final Instalment Date^}
- The agreed final installment
date.
- Finance Charge Rate:
{^Finance Charge Rate^}
- Initiation Fee:
{^Initiation Fee^}
- Initiation Fee Incl VAT:
{^Initiation Fee Incl VAT^}
- For NCA loans. The total initiation fee,
including VAT.
- Instalment Table:
{^Instalment Table^}
- Interest Calculation Method:
{^Interest calculation method^}
- For the selected Loan Product on the loan:
Setups > Loan Related > Loan Product > Edit Loan Product >
Interest Calculation Method.
- Interest Charged/Amount:
{^Interest Charges/Amount^}
- Interest Rate:
{^Interest rate^}
- For Simple, Compound, and NCA Short Term
Credit Transactions.
- Legal Agreement Date:
{^Legal Agreement Date^}
- Agreement Date in the format "this DD day of
month CCYY".
- Legal Application Date:
{^Legal Application Date^}
- Application Date in the format "this DD day
of month CCYY".
- Loan Agreement Date:
{^Loan Agreement Date^}
- Loan Agreement Date in the format "this DD
day of month CCYY".
- Loan Agreement Period:
{^Loan Agreement Period^}
- The time elapsed between the conclusion of
the credit agreement and the date of the first installment.
- Loan Capital Amount:
{^Loan Capital Amount^}
- Loan Creation User:
{^Loan Creation User^}
- This will be the user who was logged in when
this loan was created.
- Loan Date:
{^Loan
Date^}
- The date the loan was created.
- Loan No:
{^Loan
No^}
- Loan Product Description:
{^Loan Product Description^}
- For the selected Loan Product on the loan:
Setups > Loan Related > Loan Product > Edit Loan Product >
Description.
- Loan Salesperson:
{^Loan Salesperson^}
- Method of Payment:
{^Method of Payment^}
- Monthly Service Fee Incl VAT:
{^Monthly Service Fee Incl VAT^}
- For NCA loans. Calculated as: Monthly
Service Fee multiplied by ((100 + VAT Percentage)/100).
- Namibia Stamp Duty:
{^Namibia Stamp Duty^}
- No of Months:
{^No of
Months^}
- Number of Interest Periods.
- Payment Schedule Date of 1st
Payment:
{^Payment Schedule Date of 1st Payment^}
- First Instalment Agreed Date.
- Payment Schedule Instalment
Amount:
{^Payment Schedule Instalment Amount^}
- First Instalment Agreed Amount.
- Payment Schedule Interest
Rate:
{^Payment Schedule Interest Rate^}
- This is the same as the interest
rate.
- Payment Schedule No of
Instalments:
{^Payment Schedule No of Instalments^}
- Payment Schedule Payment
Frequency:
{^Payment Schedule Payment Frequency^}
- For the selected Loan Product on the loan:
Setups > Loan Related > Loan Product > Edit Loan Product >
Payment Frequency.
- Payment Schedule Penalty
Interest:
{^Payment Schedule Penalty Interest^}
- For Simple and Compound Loans. In Default
Interest Rate.
- Payment to client:
{^Payment to Client^}
- The method by which the legal entity paid
the loan amount to the client.
- Payout to 3rd Party Beneficiary
1-5:
{^Payout to 3rd Party Beneficiary 1-5^}
- Refers to
Add a New Payment to a 3rd
Party Beneficiary > Payments 3rd party beneficiary.
- Payout to 3rd Party Beneficiary Amount
1-5:
{^Payout to 3rd Party Beneficiary Amount 1-5^}
- Refers to
Add a New Payment to a 3rd
Party Beneficiary > Amount.
- Payout to All 3rd Party
Beneficiary:
{^Payout to All 3rd Party
Beneficiary^}
- Payout Total to 3rd Party:
{^Payout Total to 3rd Party^}
- Calculation: Sum of all the Payout to 3rd Party
Beneficiary Amounts.
- Note: If you select a
Third Party Payment, you must insert this token. If there's no third-party
payment, the loan amount will generate on "Payout to Client."
- Payout to All Beneficiaries
Description:
{^Payout to All Beneficiaries
Description^}
- Payout to All Beneficiaries
Reference:
{^Payout to All Beneficiaries
Reference^}
- Payout Total to Client:
{^Payout Total to Client^}
- Calculation: Loan Capital
minus Payout to 3rd Party.
- Penalty Interest Rate:
{^Penalty Interest Rate^}
- For Simple and Compound Loans. In Default
Interest Rate.
- Plain Credit Provider
Signature:
{^Plain Credit Provider Signature^}
- Displays the MAXMONEY user's information
(Name, Surname, ID Number, time, and date when the contract was created). If
the document is signed with an Allps terminal by the Borrower, this token
will be digitally signed for the User at Credit Provider.
- Preparation of Business Plan
Fee:
{^Preparation of Business Plan Fee^}
- For Simple and Compound
loans.
- Principal Debt:
{^Principal Debt^}
- Profit Rate:
{^Profit
rate^}
- Purpose:
{^Purpose^}
- Quote Date:
{^Quote
Date^}
- Repo Rate:
{^Repo
Rate^}
- For NCA loans, except Short Term and
Incidental Credit Agreements. This refers to the ruling SA Reserve Bank
Repurchase Rate as set up for the country.
- Signed At:
{^Signed
At^}
- Signed On:
{^Signed
On^}
- Technometrix Loan OTP Date
Override:
{^TechnoMetrix Loan OTP Date Override^}
- The date on which the user authorized (not
the borrower) the loan.
- Technometrix Loan OTP Date
Verified:
{^TechnoMetrix Loan OTP Date Verified^}
- Indicates electronic signing with a One
Time PIN (OTP) on the specified date.
- Technometrix Loan OTP User
Override:
{^TechnoMetrix Loan OTP User Override^}
- Indicates TechnoMetrix authorized by the
specified user.
- Technometrix Loan OTP User
Verified:
{^TechnoMetrix Loan OTP User Verified^}
- Indicates TechnoMetrix assisted by the
specified user.
- Technometrix Loan
Signature:
{^Technometrix Loan Signature^}
- If the borrower
authorized the loan: "Electronically signed on {^Date^} by
{^ClientFullNames^} {^ClientSurname^} {^ClientIDNo^}, cell no
{^ClientCellNo^}"
- If the user authorized the loan: "Loan
administered by {^User^} on {^OverrideDate^}"
- Total Amount Repayable:
{^Total Amount Repayable^}
- Total Charge of Credit:
{^Total Charge of Credit^}
- Total Cost of Credit Charged.
- Total Charge of Credit Loan Amount
Inclusive:
{^Total Charge of Credit Loan Amount
Inclusive^}
- Total Loan Amount:
{^Total Loan Amount^}
- Total Monthly Service Fees:
{^Total Monthly Service Fees^}
- Total VAT:
{^Total
VAT^}
- The VAT portion of the fees (as set up on
the ledgers and events of the fees).
- Total Without CPI:
{^Total Without CPI^}
- Transaction Reference:
{^Transaction Reference^}
- Underline Borrower
Signature:
{^Underline Borrower Signature^}
- Underline Credit Provider
Signature:
{^Underline Credit Provider Signature^}
- Displays the MAXMONEY user's information
(Name, Surname, ID Number, time, and date when the contract was created). If
the document is signed with an Allps terminal by the Borrower, this token
will be digitally signed for the User at Credit Provider.
MAXMONEY Developed by MYCOMAX MICROFINANCE
SOLUTIONS. Novamesh 18/06/2026