Data Element

Data element description

Is Required?

Currency:

Select currency of loan if more than one currency is used

Yes

Select Main Catalog:

Account main type (Saving/Loan)

Yes

Select Sub-catalogue:

Account sub-type

Yes

Selector:

First letter of Member ID (Enrollment No.)

Yes

Select Member:

Select member from the dropdown list with members whose Member ID starts with the letter selected above

Yes

Sub Account Code:

Selected member's corresponding account code

Yes

If the selected member already has an account on the selected account sub-type, system shows a message. If member does not have account, loan cannot be saved.

Year of Loan:

Year of the loan

Yes

Approved Date:

Date on which the loan is granted

Yes

Principal:

Amount of loan

Yes

Monthly Repayment:

Monthly repayment amount for the new loan

Yes

Exclude Interest

If the repayment amount excludes interest check here

Pay Period (months):

Number of months of payment for the new loan

Yes

Annual Interest Rate (%):

Interest rate of the loan

Annual Insurance Rate (%):

Insurance rate for the loan if applicable

Paid Amount:

Balance when remaining amount is deducted from the principal

Remaining Periods (months):

Number of remaining months to finish paying the loan

Repayment Currency:

The currency in which repayment is collected

Yes

Save existing loan

Delete the selected loan record