Disburse Loan
Once the Loan is Approved you can see the below menus,
- Change Loan Officer – If you want to change the Loan Office you can change it here as previously mentioned
- Disburse – Here you can disburse the loan amount to your client. In this form select the disbursement date, disbursement amount, and payment type, by default it is Money Transfer.
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- Account# – Specify the account number of the client
- Cheque# – Specify the cheque number of the client
- Routing Code – Specify the routing code for the particular branch (You can get this in the bottom left corner of your cheque)
- Type Receipt – Specify the receipt type
- Bank# – Specify the name of the bank
- Payment Channel – By default it will be none
- Disbursed to – By default it will be none
- Note – Specify if any notes for future reference
- Disburse to savings – You can disburse the amount to the client’s saving account. Refer information canceled,disbursement date and enter the amount you want to disburse, then click Submit
- Undo Approval – If you want to undo the loan approval you can do it here by clicking on Submit
