Approving a Loan
  • 22 Nov 2019
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Approving a Loan

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Approving a Loan Account

To approve a Loan Account, click on the Approve button, and confirm in the dialogue. This will change the account state to Approved, and it will be ready for disbursal (the "Disburse" button will become visible).

Please be Aware
Before you can disburse a loan account, it has to be approved by a user with the Approve Loan permission.

Approve button on product Details tab

It is only possible to approve loans in the Pending Approval status, when a Loan Account is in Partial Application status it can be submitted for approval by clicking on the Request approval button and confirming. For more information, please see Loan Account's life cycle and states.

Please Note
Once a loan account is Approved, the loan parameters (amount, rate, terms etc.) cannot be edited anymore; only custom fields and the account name can be edited after approval.

At approval, the system will validate additional constraints, such as:

  • accounts must comply with the securities requirements (if set at product level, the required % of securities should be present on the account for it to be approved)
  • line of credit restrictions (if applicable) - the loan should be within the the line of credit's date and amount limits
  • user transaction limits (if set, the system will not allow users to approve loans that are over their allowed approval limit)

Undoing a Loan Account Approval

If you want to undo the approval of a Loan Account, click More > Undo Approve.
This will bring the account back to the Pending Approval state and will log a state change activity and another one for Pending approval.


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