Tranche Loan Fields
- Laurie Wilmot (Unlicensed)
- Massabe Lydiane
Owned by Laurie Wilmot (Unlicensed)
Loan Product Fields—Additional Fields for Tranche Loans
A loan product of this type may be used to cover a situation, like construction, where the borrower is making progressive payments up to the total principal amount approved for the loan account. In the example in the table below, up to 5 disbursements may be made to a total outstanding balance of 1000 (in the loan currency). When a loan account is opened, the actual number of disbursements and its maximum outstanding balance (up to a maximum of 1000) will be fixed.
| Field Name (attribute) | Description | Example | Validations (if applicable) |
|---|---|---|---|
| Maximum Tranche count | The maximum number of disbursements allowed for a loan account. | 5 | Numeric field |
Maximum allowed outstanding balance | The maximum outstanding loan account balance allowed at a point in time. | 1000 | Numeric field (assumes the loan product currency applies) |