Overview
This page helps you understand how to add the fee. The fee is of multiple types, which include Processing, Documentation, Arranger, Stamp duty, Guarantee fee, and Rate Fee, etc.
As part of adding the fee, you need to access the Drawdown page, and then click the Add Fee button on the Fee tab. This displays the New Fee screen in which you need to specify the Fee Type, Amount Type, Value, GST and Amortization Period details. Upon submitting, the fee will be added.
The below step-by-step instructions describe the complete process of adding the fee.
Adding a Fee
1. On the Side Panel of Finvisage application, click Liability.
The menu is expanded.
2. On the expanded menu, click Loan Facility. See the image below:
The Loan Facility page is displayed on the right pane.
3. On the Loan Facility page, click the required loan facility.
The Drawdowns section is displayed.
3. In the Drawdowns section, click the External ID of the required drawdown.
See the image below:
The Drawdown page is displayed.
4. On the Drawdown page, click the Fees tab on the top.
See the example image below:
The Fees page is open.
5. On the Fees page, click the Add Fee button.
The New Fee screen is displayed.
6. In the New Fee screen, enter all the required information.
Note: See the below table for the field description.
| Field | Description |
General Information | |
| Type | From this drop-down box, select the required fees type. For example, Documentation. |
| Fee Date | The drawdown date is displayed as fee date by default. Note: If required, you can change the fee date. |
| Amount Type | From this drop-down box, select the amount type choosing from Absolute or Percentage. |
| Value | In this field to enter the fees value according to the amount type selected. For example, if the selected amount type is Percentage, then you need to enter the value in percentage. |
| Amount | In this field, the amount is displayed by default according to the value mentioned in the Value field. For example, if 5% is entered in the Value field, then 5% of the principal will be displayed in this field. |
| XIRR | Select this checkbox if you wish to calculate annualized rate in XIRR. Note: XIRR refers Extended Internal Rate of Return. It is a financial metric used to calculate the annualized rate of return for investments. |
| EIR | Select this checkbox if you wish to calculate annualized rate in EIR. Note: EIR refers Effective Rate of Return. It is the rate on which the actual return on investment and rate of interest on a loan is calculated, considering compounding over a period. |
GST | |
| GST for XIRR (% p.a.)* | In this field, enter the applicable GST. |
| GST for not for XIRR (% p.a.)* | In this field, enter the GST, which is not meant for XIRR calculation. |
| GST Total Percent * | The GST Total Percent will be displayed once the GST is entered in the GST fields. |
Amortization Period | |
| Start Date | The start date refers to the start date of tenure, which is displayed by default. Note: If required, you can change the start date. |
| End Date | The end date refers to the end date of tenure, which is displayed by default. Note: If required, you can change the end date. |
| Remarks | In this box, enter the remarks. |
5. Finally, click the Submit button.
The fee is added.
6. Click the Analytics tab to view the XIRR and EIR analytics.
Related Topics
1. How to view XIRR and EIR analytics and download as an Excel file?