FCIF

Each service will be required to be update in such a way that and the expected behaviour is provided below.

Area-wise Behavior Changes

1. Installment Calculations

• Current Behavior: Using MIB calculator
• New Behavior: Using FCIF calculator

2. Loan-Related Reminders

• Current Behavior: Sent via MIB
• New Behavior: Handled by FCIF for newly created loans; existing (old) loans will continue to be handled by MIB

3. Installment Payments

• Current Behavior: Processed by MIB
• New Behavior: Handled by FCIF for newly created loans; existing (old) loans will continue to be handled by MIB

4. Loan Cancellations and Reinstatement

• Current Behavior: Processed by MIB
• New Behavior: Handled by FCIF for newly created loans; existing (old) loans will continue to be handled by MIB

5. Installment Updates

• Current Behavior: Handled by MIB
• New Behavior: Handled by FCIF for newly created loans; existing (old) loans will continue to be handled by MIB