Credit checks and formulas
Automatic checks on applications, and rule formulas for eligibility, fee adjustments and disbursement limits.
Credit checks
Credit checks run against each application of a product and tell the approver whether it passes.
| Field | Required | What it means |
|---|---|---|
| Name | required | What the check tests, e.g. “Savings at least 30% of loan”. |
| Security level | required | Pass (informational), Warning (approver is warned but can continue) or Block (the loan cannot proceed while the check fails). |
| Rating type | required | Boolean (pass or fail) or Score. |
| Pass minimum / maximum | optional | For scored checks, the range that counts as a pass. |
Loan formulas
Formulas are rules written as expressions over the loan and member — for example applied amount greater than three times savings balance. Each formula belongs to a product, has a priority (lower runs first) and is one of three types:
| Type | Actions | What happens |
|---|---|---|
| Eligibility | Approve · Flag · Reject | When the expression is true the application is approved, flagged for review, or rejected — with the message you write shown to staff. |
| Fee adjustment | Replace · Add · Multiply | Changes a fee by the value you enter — e.g. multiply the processing fee by 0.5 for repeat borrowers. |
| Disbursement limit | Block | Stops disbursement while the expression is true, with your message. |
- Open and click Add.
- Name the formula, choose the product and type.
- Write the expression.
- Choose the action, and enter the message (eligibility, limit) or value (fee adjustment).
- Pick an existing loan and click Test to see the result before you save.
- Set the priority, tick Active and save.
Important
Always test a new formula on a few real loans. A rejecting formula with a mistake can block every application for the product.
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