Loan Fees before Application

This window allows the user to pay loan fees before loan application.

Note: Loan clients may be required to pay some fees and commissions on loans during the various stages of the loan process from application to disbursement.

Before you can charge these fees, you should have configured the system under System/Configuration/Loan product setting/fees.

The position of the Loan fees label on the Loans menu will depend on configuration. If fees are configured to be paid before Loan application then the fees label will appear before the loan application label.

When you click the fees before loan application label, a screen like one below appears:

The screen "Which loan number?" opens. Enter a loan number or select a loan using the button Choose.

Client code: Click the Choose button to select the client who has applied for the loan his /her client code will appear in the field e.g "KA/I/000008"

Client type: Select the client type e.g "Individual"

Loan product: Select the loan product from the drop down menu e.g "Loans General"

Loan amount: Enter here the loan amount applied for e.g "500,000" .

Click on the Next button and the following screen appears:

Note:
1. Before a client can pay these fees, you need to set the General Ledger accounts (GLs) where these fees will be booked under the menu System/Configuration/loan product settings/Loan GL accounts settings part 1.
2. The fees above can be adjusted by the user at this level. You can however make them compulsory by ticking the check box on the right of the fees under System/Configuration/Loan product setting/fees.

Transaction No: The transaction number will automatically appear here e.g "1700200005"

Voucher: Enter the voucher number here e.g "123456". If however you have configured "Receipt number should be used as voucher number" under System/Configuration/Receipts /Receipts General Settings then the voucher number will automatically appear here.

Date of payment: Enter the date when these fees are paid e.g "08/05/2017". This field will always show the current date by default.

Stationery: Enter here the stationery fees to be paid e.g 5,000. The stationery fees amount should have been specified under menu System Configuration/Loan product settings/Fees

Loan commission: Enter here the Loan commission amount to be paid e.g 5,000. The loan commission amount should have been specified under menu System Configuration/Loan product settings/Fees .

Development fees: Enter here the development fees to be paid e.g 5,000. The development fees amount should have been specified under menu System Configuration/Loan product settings/Fees

Payment mode: Select the payment mode used e.g "Cash". The cash account should have been defined under

Comment on the documentation

Crystal Clear Software Ltd appreciates your feedback. To evaluate this topic, select a corresponding score below:

Poor1 2 3 4 5 Resolved

Name: Email: Organisation:

To send your feedback to the documentation department, type your comment below and click the send button.

The Nº 1 Software for Microfinance

www.loanperformer.com

Table of Contents (Online Help)

Loan Fees before Application

Note: Loan clients may be required to pay some fees and commissions on loans during the various stages of the loan process from application to disbursement.

Contact LPF live support for more information
This service requires an Internet connection.

www.loanperformer.com

Table of Contents (Online Help)

Loan Fees before Application

Note: Loan clients may be required to pay some fees and commissions on loans during the various stages of the loan process from application to disbursement.

Contact LPF live support for more informationThis service requires an Internet connection.

Contact LPF live support for more information
This service requires an Internet connection.