How to Create a Loan Account

To create a loan account for a client

To create a loan account for a client, you must select the client and view the client's profile.

1. From the view client screen, 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 allowed and applicable to the loan application.
4. Click Submit.

To create a loan account for a group 

To create a loan account for a client, you must select the client and view the client's profile.

1. From the view client screen, 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 allowed and applicable to the loan application.
4. Click Submit.

2. Field Name (attribute)	Description	Example	Validations (if applicable)

See: http://mifos.cloud.answerhub.com/questions/116/what-is-the-difference-between-group-loan-applicat.html

Create new JLG loan 

New JLG loan application: In JLG loan application, a loan is created for each member of that group (one can exclude members if member is not applied for new loan) and tracked at member level only.And only these JLG loans appear in the collection sheet. This is feature is useful for organization following Grameen or similar methodology (center, group and joint liability loans)

It is similar to the individual loan but individual loan does not appear in the collection sheet.

2. Field Name (attribute)	Description	Example	Validations (if applicable)

Related articles

• Page:
  Share Accounts
• Page:
  How to Prepay a Loan Account
• Page:
  Using collection sheet or other payment types for making payments
• Page:
  How to Assign a Loan Officer
• Page:
  How to Add a Charge to a Loan Account