Loans

How does the grace period option work in penalties for loans?
The grace period in penalties is basically the number of days after the due repayment date during which penalty is not applied. So if you set grace period a...
Thu, 20 Apr, 2017 at 1:24 PM
In Add Loan, the first repayment amount is blocked and won't allow me to add an amount?
First repayment amount can only be used for Flat Rate interest method. For example, it is not possible to enter first repayment amount for Reducing ...
Thu, 20 Apr, 2017 at 1:40 PM
Some of our customers borrow for just 1 month, but when their payment is due sometimes they extend the loan for a further month.
We would suggest restructuring the loan if you want to extend it. That way there will be a record also. To do this, please click on the specific loan.You ca...
Thu, 20 Apr, 2017 at 1:55 PM
Waive System Generated Penalty
To waive penalty, please visit any loan. To do this, please login and visit Loans(left menu) >> View All Loans >> Pencil button. Then click on t...
Fri, 16 Mar, 2018 at 11:46 AM
What is the difference of Guarantors under Loans > Guarantors as compare to Borrowers used as Guarantors?
If you have a borrower that is also a guarantor for loans, then you can use that borrower as a guarantor for another loan. It will save you from adding guara...
Fri, 16 Mar, 2018 at 11:58 AM
I realize a loan can be deleted. How can I disable the function for my staff?
To disable the delete loan functionality for your staff, please login and visit Admin (top  menu) >> Manage Staff >> Staff Roles and Permissions ...
Fri, 16 Mar, 2018 at 9:55 PM
When I view all loans I always see 20 entries. Is it possible to have 100 entries by default?
To do this, please visit Admin(top menu) >> Account Settings. There in Show Results Per Page, you can select 20 or 50 or 100. This will become the def...
Sat, 17 Mar, 2018 at 1:08 PM