Loan Rescheduling, Refinancing, and Top-Up

Note: The sample system does not currently support loan rescheduling or refinancing.

Loan Top-Up/ Loan Bridging

A loan top-up occurs when a member with an existing loan applies for a new loan of the same type. The new loan amount is used to clear the balance of the old loan, and the remaining funds are disbursed to the member.

In this sample scenario, the member already has an outstanding FOSA Makao Loan of KES 183,764.33. When the same member applies for a new loan of KES 400,000, the system automatically offsets the existing balance and combines it into the new consolidated loan.

Application Process

Navigate to Loan Applications In the Credit Management Role Center, open the Loans tab → Loan Processing → Loan Application List (All).
Create a New Application Click + New to open a new Loan Application Card.
Enter Member and Loan Details Select the member and fill in the Amount Applied field.
Proceed to Loan Top-Up Section Navigate to Loan Top-Ups on the application card.
Select the Existing Loan In the Loan Top-Up Card, choose the loan you wish to top up. Details will auto-populate as shown below for our sample FOSA Makao Loan.
Run Loan Appraisal Report From the Loan Application Card, go to Reports → Loan Appraisal Report. The generated PDF will include a section for Loan Top-Ups showing the topped amount.

The system will also automatically recommend an eligible amount as shown below.
Complete Loan Details Fill in other necessary details based on the loan type, including:
- Guarantors
- Salary details
- Supporting documents
Generate the Repayment Schedule.
Submit for Approvals.
Post the Loan. Once approved and posted, go to the Loans Posted List. Search for the member to confirm that:
- The new loan reflects the full outstanding balance and total top-up.
- The old loan is fully cleared.