www.loanperformer.com

Table of Contents (Online Help)

 

Loan Refinancing

This functionality allows the user to give additional funding to a client when he/she has an outstanding loan. This may or may not involve change of previous loan terms such as loan period, interest rate, interest calculation method, Installment numbers, installment type, collateral and guarantors as shown in Loan Entry Part 1 Loan Entry Part 3 Individuals and Loan Entry Part 4 Groups.

How to Refinance a Loan in LPF

To refinance a loan you go to Loans>Loan Refinancing and a screen like the one below shows up

:

Loan number:Click on the Choose command button to pick the loan from the grid then click on Look to continue.

Click on the "Look" button and the following screen appears:

Please note that the original loan is automatically paid off at disbursement and LPF assigns a new loan number to the client.

The loan then goes through the normal process of paying any other fees if they are required before approval.

Related Topics

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

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