Fixed amount for payment tolerance
Payment Tolerance is the permissible amount of tolerance provided by a financial institution to clear the bills. This is defined as a flat rate at the org level. However, you can modify it as a fixed amount or a percentage of the at the contract and product level.
To do this, add the following fields to the required layouts in the Lending Product and CL Contract object:
- Payment Tolerance Fixed Amount
- Payment Tolerance Type
Recommended layouts
CL Contract:
Lending Product: