> For the complete documentation index, see [llms.txt](https://zimba.gitbook.io/user-manual/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://zimba.gitbook.io/user-manual/product-guides/loans/applications.md).

# Applications

### Approving a Loan

<figure><img src="/files/aZskFVl6I4f8Fg8QuAxf" 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="/files/i31H5TtrMcKwSOKapaKH" alt="" width="375"><figcaption></figcaption></figure>

Once your loan is approved, it moves to [Loans](/user-manual/product-guides/loans.md#pending-disbursements). If declined, it goes to [Loans](/user-manual/product-guides/loans.md#declined-loans)

**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;