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14 docs tagged with "loan-accounts"

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Approving a Loan

To approve a loan account, select the **Approve** button, and confirm the dialog box. This will change the account state to **Approved**, and it will...

Creating a New Loan

Every loan account you create in Mambu is an instance of a loan product that has been created before. So, the terms that were set for the product...

Deleting Accounts

Deleting a deposit account removes it permanently. Except when created by mistake, we recommend that you close deposit accounts, not delete them.

Editing a Loan Account

Loan accounts can only be fully edited while they are still pending approval. After they have been approved, it is only possible to edit a loan...

Linking Deposit and Loan Accounts

A *settlement deposit account* allows you to have a deposit account that is automatically used as a source for loan repayments. On the day a...

Loan Account Attachments

Any loan account can have files (attachments) uploaded in Mambu, for example, scans of documentation required in the loan application process, signed...

Loan account goes in arrears

A 3rd party system must be notified when a loan account with a loan amount higher than 1 million goes into arrears. This will apply for individual...

Loan Account Life Cycle and States

From the moment you create a new loan account, it will go through different states, each of them with specific implications which are shown in the...

Loan Account Overview Details

Balance information can be retrieved from a loan account via API v2 by using the [Loan Accounts - getById](/api/api-v2/loans/get-by-id) endpoint. The...

Locking and Unlocking Loans

Mambu allows you to lock and unlock loan accounts to better manage situations where you need to stop applying interest, fees, or penalties to them.

Redraw

For dynamic term or interest-only loan accounts configured with the Redraw capability, Mambu maintains two key balances: the *Outstanding Principal...