Charges

The banks pre-existing charges can be setup through the settings screen by clicking Settings > Charges then clicking Create a New Charge.

Once you get the form screen pop-up, simply add the information required around the bank charge in question.

Banclo allows you to select which charges can be waived and overridden by your mortgage agent.

Charge Types

Banclo currently supports two types of charges:

1. FIXED based charges - These charges are a fixed amount set by the bank (e.g., €500 processing fee).

2. PERCENT based charges - The percentage is applied on the loan principal. A maximum capping can be applied to a percentage based charge; if the calculated percentage amount exceeds the maximum capping, then the max capping is the charge applied.

Charge Time Types

Charges can be classified by when they are applied:

Disbursement Charges (One-time)

These charges are applied once at the time of loan disbursement. Examples:

• Processing fees
• Legal and professional fees
• Appraisal fees
• Setup fees

To create a disbursement charge, select DISBURSEMENT in the "Charge Time Type" field.

Periodic Charges (Recurring)

These charges are applied regularly during the loan tenure. When creating a periodic charge, you must specify:

• Period Type: YEAR or MONTH
• Frequency: The interval or recurrence pattern

Understanding Period Type and Frequency

The meaning of Frequency depends on the Period Type:

Period Type = MONTH (Frequency = how many months in the cycle)

• Frequency 1 → charged every month (monthly)
• Frequency 2 → charged every 2 months (semi-annually, if thinking yearly)
• Frequency 3 → charged every 3 months (quarterly)
• Frequency 4 → charged every 4 months
• Frequency 6 → charged every 6 months (semi-annually)
• Frequency 12 → charged every 12 months (annually)

Period Type = YEAR (Frequency = how many years between charges)

• Frequency 1 → charged every year (annually)
• Frequency 2 → charged every 2 years
• Frequency 5 → charged every 5 years

Common Examples

Charge Type	Period Type	Frequency	Result
Monthly commitment fee	MONTH	1	Charged monthly
Quarterly service charge	MONTH	3	Charged every 3 months (quarterly)
Semi-annual review fee	MONTH	6	Charged every 6 months
Annual maintenance fee	YEAR	1	Charged annually
5-year inspection fee	YEAR	5	Charged every 5 years

To create a periodic charge:

1. Select PERIODIC in the "Charge Time Type" field
2. Select the Period Type:
   • Choose MONTH if the charge repeats within a year or monthly cycles
   • Choose YEAR if the charge repeats on a multi-year basis
3. Enter the Frequency:
   • For MONTH: Enter the number of months between charges (1=monthly, 3=quarterly, 6=semi-annually)
   • For YEAR: Enter the number of years between charges (1=annually, 2=every two years)

Document Descriptions

For ESIS (European Standardized Information Sheet) document generation, you can add a detailed Document Description to each charge. This is separate from the short internal description and supports template variables for dynamic content.

Using Template Variables

Document descriptions support template variables that are automatically replaced with actual values when generating documents. This allows you to create reusable charge templates that adapt to each loan.

Example:

A commitment fee of {{charge.amount}} per annum, calculated daily on the
undrawn Loan Facility amount of {{facility.principalAmountFormatted}} with a minimum charge of €30. This fee is applicable to {{facility.typeFormatted}} facilities and is payable {{charge.periodDescription}}

This renders as:

A commitment fee of 0.25% per annum, calculated daily on the undrawn
Loan Facility amount of €150,000 with a minimum charge of €30. This fee
is applicable to mortgage facilities and is payable monthly.

Available Template Variables

Charge Variables

• {{charge.amount}} - The charge amount (numeric)
• {{charge.amountFormatted}} - Formatted with currency/% symbol
• {{charge.currency}} - EUR, USD, or GBP
• {{charge.maxCap}} - Maximum cap for percentage charges
• {{charge.frequency}} - Payment frequency
• {{charge.periodDescription}} - Human-readable period (e.g., "monthly", "annually")

Facility Variables

• {{facility.principalAmount}} - Numeric facility amount
• {{facility.principalAmountFormatted}} - Formatted with currency (e.g., "€150,000")
• {{facility.type}} - MORTGAGE, FINISHING, etc.
• {{facility.typeFormatted}} - Lowercase readable (e.g., "mortgage")

Loan Variables

• {{loan.totalAmount}} - Total across all facilities
• {{loan.totalAmountFormatted}} - Formatted total
• {{loan.currency}} - Loan currency

Bank Variables

• {{bank.name}} - Your bank's name

Date/Time Variables

• {{today}} - Today's date (e.g., "12 November 2025")
• {{currentYear}} - Current year

Real-World Example

Processing Fee (Disbursement):

Document Description:

Is applicable upon acceptance of the Facility letter as per {{bank.name}}'s Tariff of Charges. Kindly note that this fee is
payable whether the facility is utilized or not, and the bank shall
have the right to collect such fees even if the loan deed is not
signed for whatsoever reason.

Commitment Fee (Periodic - Monthly):

Document Description:

A commitment fee of {{charge.amount}} per annum, calculated daily on
the undrawn Loan Facility amount with a minimum charge of €30. This is
calculated and is payable {{charge.periodDescription}}

For loan facilities being used for acquisition purposes, such fee will
come into effect if the loan amount is not disbursed within 6 months
from the date of issuance of the facility letter, payable on the
following 1st day of the month and monthly thereafter.

Using Charges in Documents

When creating ESIS documents, you can use these snippets to include charge information:

• {{ChargesWithDocumentDescription}} - All charges with detailed descriptions
• {{ChargesWithDocumentDescriptionByType:DISBURSEMENT}} - Only one-time charges
• {{ChargesWithDocumentDescriptionByType:PERIODIC}} - Only recurring charges
• {{DisbursementCharges}} - Simple list of disbursement charges
• {{PeriodicCharges}} - Simple list of periodic charges with frequency info

These snippets automatically process template variables and format the output appropriately for professional documents.