6 docs tagged with "loan-lifecycle"

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...

When a loan account has been approved, the loan is ready to be disbursed.

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...

When you *pay off* a loan, you make a prepayment that covers the whole amount due as of a given date, when the client wants to fully pay their loan...

When you *terminate a loan*, the total outstanding principal plus all accrued charges become due immediately (as of the termination date).

To write off a loan account: