Pricing for Digital Lending
Generate a loan offer for your applicants with pricing for Digital Lending. Define how price discounts are applied to your lending products using Product Configurator or Salesforce Pricing.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions |
With Product Configurator, customize loan product pricing attributes that are dynamically adjusted to show applicants real-time loan offers. Transform your loan price policies into pricing procedures. Arrange procedure elements to calculate the final net price of a loan product.
With Salesforce Pricing, customize loan product pricing attributes to show applicants three real-time loan offers.
To show applicants pricing from your external system, review Omnistudio Omniscripts and Digital Lending Omnistudio Resources to learn how to configure the Omnistudio components to meet your business needs.
To set up product configurator pricing for Digital Lending, create loan product pricing attributes that are dynamically adjusted to show applicants real-time personal loan offers based on the their application details. Create a personal loan product list rate record and Rate Adjustment By Credit Score custom object and records. Next, create a Product List Rate Decision Table and a Credit Score-Based Adjustment Decision Table. Then add the decision tables to the NGPDefaultRecipe pricing recipe. Finally, create a credit score attribute definition and assign it to the personal loan product classification. Hide the credit score attribute so that an applicant can't input a value. The DigitalLendingProductConfigurator Omniscript retrieves the applicant’s credit score.
- Use Case Example Pricing for Digital Lending
Learn how to generate loan offers for borrowers and apply price discounts to products. This includes reviewing a customer scenario for a personal loan application and understanding the setup process. - Set Up Pricing for Digital Lending
Assign pricing permissions, create Product List Rate records, Rate Adjustment by Credit Score object and records, and Decision Tables for Product List Rate and Credit Score Based Adjustment Decision Table. - Product Configurator for Digital Lending
Customize loan product attributes that are dynamically adjusted and show applicants real-time product offers. Use the intuitive user interface of Product Configurator to select the right options for your loan products. View product details such as attributes, pricing, and purchasing options. Show complex loan offers to your customers efficiently. - Salesforce Pricing for Digital Lending
Salesforce Pricing is a comprehensive pricing solution. Users can create customized price adjustment methods that define how discounts are applied to your products and services. Use pricing procedures to price retail, wholesale, service, and rate-based lending products. Use pricing procedures to create formulas for calculating the final net price, and provide complete visibility into the pricing calculation process.
