Page Comparison

Create loan account 

To create a loan account application for a client, select the client by searching the desired client from Global Search. Click the General tab.

1. On the Client page, Click +New Loan on the bright blue action bar.
2. Select the loan product to base the loan account on from the product list.
3. Complete the loan account fields, making any modifications from the default that are permitted and applicable to the loan application.
4. Click Submit.

The loan account application will be created with a status of Pending Approval. Your financial institution will define the workflow and permissions for approving loans. 

a) Showing screen shot of current repayment schedule. In this example - Repayment is done on 1st February.        

Rescheduling Loan 

Once the loan is in under Active status after loan is disbursed, you could reschedule the loan.  

Step 1) Going to reschedule option 

 Go to, Loan account page>>More>>Click on Reschedule button. 

Step 2) Reschedule loan page 

              Update required fields 

           1 - Reschedule instalment on - Provide reschedule instalment on date, in this ex - 01, march, 2015 

           2 - Reason for rescheduling - Provide reason for rescheduling, You need to 

           3 - Submitted on - 

           Check the check box for below required optional parameters (4 to 8)  

           4 - Change repayment date - Provide instalment rescheduled to date, in this ex - 05, march, 2015 

           5 - Introduce Mid-term grace periods - Provide Principal Grace Periods, In this ex - None

                                                                           - Interest Grace Periods value, In this ex - None

           6 - Extend Repayment period - Provide Number Of new Repayments, In this ex - None 

           7 - Adjust interest rates for remainder of loans - Provide New Interest Rate, In this ex - None

           8 - Recalculate interest based on new terms - Just check the check box if you want to enable Recalculate interest based on new terms, In this ex - None. 

           9 - Click on Submit button. 

Step 3) Approve/Reject page 

Click on Approve button & provide the date and submit, in either to reschedule loan.  

View reschedule loan - instalment 

Showing rescheduled instalment screen shot  

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