Enumeration | Definition |
---|---|
Interest only | A loan which requires the borrower to make regular payments of interest only (i.e. without any obligation to make periodic payments of capital). |
Part and part | This is a combined loan where both payment types are in place. This is to be populated only if 'interest only' and 'repayment' parts of the 'Part and Part' portfolio cannot be split into its individual constituents (i.e. separate rows). |
Part and part interest only | This is a combined loan where both of the payment types are in place. This term is referring to the value of the 'interest' part of the loan. |
Part and part repayment | This is a combined loan where both of the payment types are in place. This term is referring to the value of the 'repayment' part of the loan. |
Repayment | These loans involve regular periodic payments covering interest for the period and some repayment of capital. |
Unknown | This is to be used only when the payment type is unknown for legacy portfolios. |