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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.

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.

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