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Loan Application Fees

This window allows the user to pay some fees and commissions on loans that are not loan interest during the various stages of the loan process.

When you decide to levy these fees then you need to specify the fee amounts and at what stage to levy them under the menu "System/Configuration/Loan Product Settings/Fees"

Fees can be levied under the following:

Cash(Cash Accounts should be set in menuConfiguration/Cash Accounts (Bank Accounts should be set in menuConfiguration/Banks (client must have Savings Account in one of the Savings Products and must have );Direct to Bank ) or Savings Transfer balance on the account to cover the application fees).

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