This page describes how to reach index rate tools when you use the legacy Admin Portal layout (top navigation bar and header Admin options). If you use the updated sidebar layout, see Set and manage index rates.
Index rates are benchmark interest rates (such as the prime rate or Federal Funds rate) used to calculate variable APRs on loans. If your loan types use variable interest rates, the index rate tools let you define and update these rates over time.
Availability: All clients on the legacy Admin Portal layout (accessed from the header, not the sidebar) Required permissions: indexrates:list, indexrates:read, and indexrates:update are all needed for the Manage index rates entry to appear in the Admin options dropdown. indexrates:create is required to add a rate, and indexrates:delete is required to remove one.
Index rate tools are not in the sidebar. To access them:
- Select Admin options in the top-right area of the Admin Portal header.
- Select Manage index rates. The Manage page is the entry point for both viewing existing rates and adding a new one.
- From Admin options, select Manage index rates.
- On the Manage index rates page, select + Add index rate. The Add index rate page opens.
- Fill in the index rate details (see field reference below).
- Select Add to save.
- From Admin options, select Manage index rates.
- Select a loan type from the Applicable to dropdown to load its index rates.
- The rates list shows all index rates defined for that loan type, each displaying its date range and percentage. Select the rate you want to modify.
- Update the fields you want to change.
- Select Update index rate to save, or Cancel to discard.
To add another rate, select + Add index rate from this page.
- From the Manage index rates page, select the loan type and the rate you want to remove.
- Select the delete icon next to the rate.
- The remaining rates' date ranges adjust automatically after removal.
| Field | Description | Required | Values / Format |
|---|---|---|---|
| Applicable to | The loan type this index rate applies to. Each index rate is scoped to a single loan type. | Yes | Dropdown of loan types |
| External ID | Your company's internal identifier for this index rate. | No | Text |
| Index description | A descriptive name for the index rate (e.g., "Prime Rate Q1 2025"). Visible as a tooltip on the manage index rates page. | No | Text |
| Country | The country this index rate applies to. | Yes | Dropdown (ISO country codes) |
| Annual rate | The annual index rate value, entered as a percentage. | Yes | Number with % |
| Start date | The date this index rate takes effect. | Yes | Date |
| End date | The date this index rate expires. Select "End of loan" to apply the rate indefinitely, or choose a specific date. If setting a custom end date, it must be after the start date. | Yes | "End of loan" or Date |