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Daily loans in OC Loans App

In the Loans App, you can work not only with long-term but also with short-term loans. These usually last less than one month, just a few days. For the creation of such type of contracts it is necessary to observe:

  • Financing Calculation Model = Interest Payment

  • Calendar Month switched on

  • Daily Interest switched on

  • Financing Period (in Months) = 1

Then, in the Expected Termination Date field, select the desired termination date for this contract.

daily_loans.png