Allow charges for a loan to be deducted from savings of the client

Description

We have a client who wants to be able to deduct the charges for a loan from the savings account of the same client. This applies to both the disbursement as well as any recurring or penalty charges.

Proposed way to implement:

  • When setting up the charge allow the user to configure the way this charge will be paid (Cash / from savings)

  • When linking the charge to the loan product setup link it to a specific savings account

  • When creating/validating the loan application, validate if client has the necessary savings account (and balance) to pay the charge from.

Environment

None

Assignee

SSN

Reporter

Sander van der Heyden

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Priority

Blocker
Configure