Sandbox Update: Loans-Related Fixes (N. Virginia)

We are rolling out a set of Loans-related fixes and optimizations to the N. Virginia 1 and N. Virginia 2 Sandbox environments.

These changes have been widely deployed and tested and are not expected to introduce risk to the Sandbox environments.

Details of Included Fixes

Interest Rate Optimization: Optimized the data structure for interest rates to improve retrieval and calculation performance.

Fee Payment Enhancement: Enhanced filtering for custom predefined fees during fee payments.

Arrears Calculation Correction: Corrected the “interest from arrears” calculation displayed in Account Details.

Penalty Application Accuracy: Improved penalty application by matching penalties to installments more accurately.

Dynamic Loans: Added the ability to apply fees to specific installments for Dynamic Loans.

Validation: Added validation for custom fee repayments.

Post-Rollout Reporting

If you notice any unexpected behavior or issues in the Sandbox environments after this rollout, please raise a Support case (or log a ticket) and reference this message for faster resolution.