Sacco Loaning Processes

📄️ Loan Application and Qualification

Loan Application

Audience: Loan Officers, Credit/Appraisal Analysts, Branch Managers/Approvers, System Admins

Loan Disbursement is the process by which a leander releases approved loan funds to a borrower, making the money available for use.

This guide walks you through the process of adding guarantors to a new loan and substituting a guarantor in the Debt Management module.

The total amount to be repaid for a loan includes both the principal and the interest charged over the loan period.

Once the loan interest has been calculated and posted, the next step is to process the loan repayment.

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

Intrdouction