Loan Smooth Payments Values

Introduction

This article lists the smooth payments collection values available in the API. For more information on collection values, take a look at our Enumerated Values Index article.

Loan Smooth Payments (loan.smoothpayments)

ValueDescription
loan.smoothpayments.advancedThis will smooth the payment amount over the number of periods you entered for the loan.
loan.smoothpayments.basicThis will smooth the payment amount over the number of periods that is most simple for the system to calculate.
loan.smoothpayments.noThis will smooth the payment amount over the number of periods you have entered for the loan, without applying a schedule round.
loan.smoothpayments.yesThis means you want to use smooth payments on a loan.