Grant Approved Loan
Data Element Data element description Is Required?
Currency: Select currency of loan application to be approved Yes
Select Main Catalog: Select main loan type Yes
Select Sub-catalogue: Select loan type Yes
Select Member: Select the particular member's loan application from the list Yes
Sub Account Code: System fills the member's loan account code
Member has an account. System displays message indicating that member already has a loan account. If not, a loan account has to be created for the member first.
Grant Date: System fill the grant date
Current Balance on Account: System fills current loan balance
Principal: System fills approved principal
Monthly Repayment: System fills monthly loan repayment amount
Pay Period (months): System fills loan pay period
Register as Re-finance
Register as New Loan