SaFi Bank Space : Work in progress - Proposal: Loan balance in case of partial early repayments

At the time of handover, the proposal below was still OPEN to discussion.. <24-november-2022 status>

In case a customer has more money to use as loan repayment, he will have the possibility to add them to the loan account and chose one of the 3 options of repayment.

Below the Amount the customer fills in, there is the LOAN BALANCE as a maximum amount for this repayment.

Proposal is:

  • in case the customer will fill in the maximum loan balance amount (principal plus accrued interest and fees) or any amount higher than that , that means he wants to fully repay his loan, we will

    • display on screen a red warning text saying: it looks like you want to fully close the loan.

    • if client taps on “continue” he will be directed to the “repay the loan in full” screen

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