Loans
The loan lifecycle end to end: applications, approval, disbursement, repayments, charges, rescheduling, write-off and servicing.
The loan lifecycle
Every loan status, how a loan moves between them, and which actions can be undone.
Creating a loan application
Capture a loan for a member or group, within the product’s limits.
Approving and rejecting loans
The credit decision: approval officers, approved amount, rejection, withdrawal and bulk approval.
Disbursing a loan
Paying out an approved loan, signatures, top-ups and undoing a disbursement.
Recording repayments
Single, bulk and imported repayments, how money is allocated, editing and reversing.
Charges, interest and waivers
Adding a charge to one loan, waiving charges and interest, and editing interest transactions.
Rescheduling and variable schedules
Restructure a loan’s terms, add instalments or grace, or edit individual instalments.
Write-off and recovery
Removing uncollectable loans from the portfolio, and recording recoveries afterwards.
Guarantors, collateral and documents
Securing a loan with guarantors and collateral, notes, files and signatures.
Servicing: officer, transfer and closing
Changing the loan officer, transferring loans, closing, statements and the activity log.