# Applications

### Approving a Loan

<figure><img src="https://2924842113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOAj97X40zqy1bWeyKGRz%2Fuploads%2FScrmKR7O3AwL3vfLbCPj%2FScreenshot%20(733).png?alt=media&#x26;token=3b6796dc-df92-423a-981f-cd4bac9c7dde" alt=""><figcaption><p>Either choose to approve or decline the loan</p></figcaption></figure>

{% hint style="info" %}
You can only modify the requested amount before selecting "Approve."
{% endhint %}

<figure><img src="https://2924842113-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOAj97X40zqy1bWeyKGRz%2Fuploads%2FCLRH7cFJq9LLqeXK4CjX%2FScreenshot%20(734).png?alt=media&#x26;token=42cb8315-845f-4255-bf8c-206e369e290e" alt="" width="375"><figcaption></figcaption></figure>

Once your loan is approved, it moves to [#pending-disbursements](https://zimba.gitbook.io/user-manual/product-guides/loans/..#pending-disbursements "mention"). If declined, it goes to [#declined-loans](https://zimba.gitbook.io/user-manual/product-guides/loans/..#declined-loans "mention")

**Deferred Payment Period:** This allows a grace period before loan repayments begin — the number of days entered here is added to the loan schedule. For example, if you disburse on the 1st, the repayment schedule starts after the deferred days you set.&#x20;