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Loan overview

Lend creates a loan from an approved application. The loan record contains the agreement, repayment schedule, balance, payments, and later changes.

For
Loan-servicing and operational users reviewing an issued agreement.
Requires
Loan list and read access through a saved query, related view, or permitted direct record.
Available when
An application has been lent and the resulting loan is within the user's visible scope.
Before you begin
Confirm the loan number, borrower, product, current status, and calculation date relevant to the task.
Expected result
You can verify the agreement, current figures, schedule, payments, related actions, and history for the correct loan.

Find and read a loan

Open Workspace → Loans and use the configured search fields, commonly loan number, borrower, product, or status. Select a row to open the loan.

The Loans list with loan number, borrower, product, status, and search controls
Use the configured list to match the loan number, borrower, product, and status before opening a row.
An active loan record showing agreement details and current financial information
On the loan, confirm the same number and borrower before using its schedule, payments, or loan actions.

The record can contain:

Area What it tells you
Loan details Product, borrower, number, status, amount, rate, term, currency, dates, and assignee.
Actual Information Current principal and other balance measures as at the calculation date.
Payment schedule Expected instalments, due dates, statuses, and allocation detail.
Payments Received money, payer, action, allocation order, and distribution.
Additional invoice lines Product-defined fees or costs that are due separately.
Loan information Product-specific fields carried from the application or maintained on the loan.
Supporting record Notes, labels, documents, messages, related lists, and history.

Current figures

The Actual Information section can show remaining principal, accrued interest, unpaid commission, overdue payment, penalties, deposits, next payment date and amount, closing balance, and overpayment. Values depend on the product and selected calculation date.

Distinguish these figures:

  • remaining principal is the principal not yet settled;
  • overdue payment is the due amount not paid on time;
  • deposit or penalty deposit is received money held for later allocation;
  • overpayment is money beyond the amount Finsaku could allocate under the current calculation;
  • closing balance is the amount required by the configured closing calculation, not necessarily only principal.

Depending on status and permission, a user can add a payment, view or change the schedule, add an invoice line, generate or upload documents, send a message, or start a loan action. See Changes and closure before modifying an existing agreement.