***This feature requires the user to have Admin permissions/rights***

You may access the Admin panel by clicking the "Dashboard Quick Menu" icon

to reveal the "Settings" option as shown below:

The Products Management component allows for the configuration of the different Loan Products offered, and is accessible by clicking

from the top navigational pane or by clicking

from the dashboard icons displayed.

This will render the screen below, displaying each product type, product name, short code, status and the actions that the user may perform for each product:

From the screen rendered above the user may perform the actions below by clicking

Select an Action from the options displayed below:

  • View Loan Product

  • Edit Loan Product

  • Delete Loan Product

  • Duplicate Loan Product

  • Activate/Deactivate Loan Product

To Create a Loan Product click

This will result in the screen below being displayed.

Product Name: Key in the name of the loan product to be created.

Product Short Code: Key in the short code for the loan product to be created.

Product Type: Select the product type from the options available as shown below:

Description: Key in the product description in the input field provided.

Product Workflow: Select the desired workflow to be used throughout the application process for the loan product to be created from the options available as shown below:

Status: Select a status for the loan product

Select whether the loan product should require a down payment deposit

Select whether a tax should be applied to the loan product

Loan Interest Type: Select the desired loan interest type of the loan product to be created from the options available as shown below:

Security Type: Select the desired security type of the loan product to be created from the options available as shown below:

Interest Calculation: Select the desired interest calculation of the loan product from the options available as shown below:

Repayment Option: Select the desired repayment option of the loan product to be created from the options available as shown below:

Interest Calculation Start: Select the desired time the interest calculation starts on the loan product from the options provided as shown below:

Interest Rate Charge: Select how the interest rate is charged for the loan product from the options provided as shown below:

Select whether the loan product accepts pre-payment

Select whether the product is a balloon loan

Select whether the product is a term loan

Repayment Allocation Order: Select the desired repayment allocation order for the loan product from the options provided as shown below:

Currency: Select the desired currency associated with the loan product from the options provided as shown below:

Default Amount: Key in the default loan amount for the loan product to be created (numeric value for e.g. 2000000)

Minimum Amount: Key in the minimum loan amount for the loan product to be created (numeric value for e.g. 500000)

Maximum Amount: Key in the minimum loan amount for the loan product to be created (numeric value for e.g. 10000000)

Default Interest Rate: Key in the default interest rate for the loan product to be created (numeric value for e.g. 10)

Minimum Interest Rate: Key in the minimum interest rate for the loan product to be created (numeric value for e.g. 5)

Maximum Interest Rate: Key in the maximum interest rate for the loan product to be created (numeric value for e.g. 15)

Default Term: Key in the default term (no. of months in which the loan will be repaid) for the loan product to be created (numeric value for e.g. 10)

Minimum Term: Key in the minimum term (no. of months in which the loan will be repaid) for the loan product to be created (numeric value for e.g. 5)

Maximum Term: Key in the maximum term (no. of months in which the loan will be repaid) for the loan product to be created (numeric value for e.g. 15)

Select whether the loan product is a credit line

Maximum Tranches: Key in the maximum tranches (number of disbursements) allowed (numeric value for e.g. 3)

Select whether the loan product is accessible to external applications via API

Click

to complete the process of creating a loan product.

The newly created loan product should now be displayed on the main products management view.

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