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- Old Loan Product should accept new Group Loans for Groups
- Possibility to create Group Loan account with individual member loan accounts
- Ability to apply payment to Group Loan and also to individual member loan accounts
- Possibility to apply payment to entire Group loan with automatic amount deduction and option to manually edit payment amount for every individual member
- Possibility to apply payment only to individual member loan account
- Possibility to repay new Group Loan by trasfer from Savings
- Possibility to access individual member loan account from Client details page
- Possibility to adjust transactions on Group loan account with option to manually correct amount for every individual member
- Possibility to adjust transactions made on individual account
- Possibility to apply fees/penalties to group account with automatic amount deduction (according to contribution of every member) and option to manually edit charge amount for every individual member
- Possibility to apply fees/penalties to individual member loan account
- Possibility to apply full repay to individual member loan account and also to group loan account
- Amounts on group account are sum of amounts on member accounts
- No possibility to modify loan account parameters from member accounts
- Possibility to redo Loan with new Group Loan approach
- Possibility to reverse new Group Loan
- Possibility to repay new Group Loan by using Audi Bank Plugin
- Possibility to approve new Group Loan by using 'Approve multiple loans' functionality
- Possibility to attach Question Groups to new Group Loan
- Possibility to close individual member Loan account and also the whole new Group Loan
- Information about transactions on Group and individual accounts should be recored recorded in the database.
Non-Goals
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FR# | Description | Comments/Mockups |
|---|---|---|
1.1 Create a New Group loan account | Create flow will be almost the same as current implementation, there will be new link on Group details page: "Open new Group Loan Account". After creating group account also new individual account will be created for every member of group account. | |
| 1.2 Group loan account details page | Group Loan account details page will be almost the same as in current implementation. Individual schedule will show schedules from individual member accounts. | |
| 1.3 Individual member loan account details page | Individual member loan account details page will be almost the same as Client loan account details page. However, 'Edit account status' and 'Edit account information' links are not available. | |
| 1.3 Client details page | There will be a new section on Client details page – 'Group Loan', which will be showing individual member account details. | |
| 1.4 Modify account parameters | Parameters of Group Loan account can be modified only from Group Loan account level. There is no possibility to modify account details from individual member account level. | |
| 2. Apply payment | There will be possible to apply payment from every individual account and also from Group loan. When you try to apply payment from Group loan details page (click 'Apply payment'), then new page will be displayed, on which it would be possible to enter exact amount for every member. Payment amount will be applied to every individual member account and information about payment will be automatically updated on Group Loan account. | |
| 3. Apply adjustment | It will be possible to adjust payment made by individual and also whole payment made to Group Loan account. While applying adjustment, it will be possible to revert/modify amount of every individual member. | |
| 4. Apply charge | Charges could be applied to individual member account and also to the whole Group account. While applying charge, it will be possible to specify exact charge amount for every individual member. | |
| 5. Loan product | Loan product for Groups has the same options as for individual Clients. There can be some restrictions on the Group product. | |
| 6. Close Group Loan account | It is possible to close the entire Group Loan account and then also individual member loan accounts are closed. There is also possibility to close individual member loan account only and information about this is automatically updated on Group loan account. | |
| Information about transactions on Group and individual accounts should be recored recorded in the database. |
Standard Considerations
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