Loan accounts can be created for active clients, active groups, or members of active groups.

Creating a Loan Application for a Client

1. Search for the desired client using the global search feature.
2. Once the client’s information is displayed, click the hamburger menu (☰).
3. Select Applications, then click New Loan Account.

Selecting the Loan Product and Submitting the Application

1. Select the loan product on which the loan account will be based from the list of available products.
2. Complete the loan account fields, modifying the default values where permitted and appropriate for the application.
3. Click Submit.

Once the application is submitted, the loan account will be created with the status Pending Approval.

Creating a Loan Account Application for a Group

A loan account application will be created with the status Pending Approval.

Your financial institution defines the approval workflow and the required permissions for loan approval.

Steps to Create a Loan Application for a Group

1. Search for the desired group using the global search feature.
2. Once on the selected group’s page, click the hamburger menu (☰).
3. Select Applications, then click Group Loan Application.