▪️Add New Loan
Select 'Add New Loan' under loans, then correctly fill in the required fields.
Applying for a loan
To apply for a loan, just click the 'Add new Loan' button.
Key Fields:
Client Account: Search for the client who wishes to apply for a loan and select the account.
Make sure the account is active before applying for a loan. If the account is pending, check if the account opening fees have been cleared.
Branch: Attach the client to the branch that they are under.
Loan Product: Select the loan product that the client is requesting for.
Loan Purpose: This field helps you record why the client is taking the loan — for example, business expansion, school fees, or agriculture. Select Other if the client’s reason is not listed, and you can type in a custom purpose.
Referral Officer: A referral officer is an individual tasked with identifying potential clients and directing them to the appropriate resources or personnel within an organization.
Requested Disbursement Date: Enter the date that is being requested. Note that you cannot disburse before the date you put in.
Requested Loan Amount: Enter the requested loan amount. Any upfront fees that are attached to that loan will be reflected after.
Requested Loan Duration: Enter the duration in months, weeks, or days depending on the frequency of the loan.
Upfront Fee Collection Method: You can collect fees from a bank account, cash account, or savings account/loan wallet.
Comment: Leave a comment that can impact the decision during approval of the loan. for example 'First Loan', 'Good credit score', 'Defaulter' etc.
After filling in the form, select 'Save' to be redirected to the Loan Details or 'Save & Create Another' to access an empty form to fill in for another client.
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