{"id":5674,"date":"2021-07-14T09:56:32","date_gmt":"2021-07-14T09:56:32","guid":{"rendered":"https:\/\/wiki.habiletechnologies.com\/index.php\/docs\/cloudbankin-documentation\/getting-started\/apply-loan\/"},"modified":"2022-09-22T09:54:40","modified_gmt":"2022-09-22T09:54:40","slug":"apply-loan","status":"publish","type":"docs","link":"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/getting-started\/apply-loan\/","title":{"rendered":"Create Loan"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5674\" class=\"elementor elementor-5674\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f6d99d1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f6d99d1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d41f4ef\" data-id=\"d41f4ef\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9c868f7 elementor-widget elementor-widget-text-editor\" data-id=\"9c868f7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Once the client information has been updated,<\/span> <span style=\"font-weight: 400;\">we can begin with the Loan Application.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ce5b790 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ce5b790\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4fa22a3\" data-id=\"4fa22a3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-33d4896 elementor-widget elementor-widget-image\" data-id=\"33d4896\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"421\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-New-Loan-1.png\" class=\"attachment-large size-large\" alt=\"Create Loan - New Loan\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9eebdb5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9eebdb5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c76f5ec\" data-id=\"c76f5ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ca235e4 elementor-widget elementor-widget-spacer\" data-id=\"ca235e4\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2aa8eae elementor-widget elementor-widget-text-editor\" data-id=\"2aa8eae\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<span style=\"font-weight: 400;\">Click on the New Loan and select the Loan Product you are going to offer.<\/span> <span style=\"font-weight: 400;\">In the Loan Product drop-down, it shows the Product Name which already exists. <\/span><i><span style=\"font-weight: 400;\">(You can add a L<\/span><\/i><i><span style=\"font-weight: 400;\">oan Product name in <\/span><\/i><b><i><span style=\"color: #6ec1e4;\">Admin  -&gt;&gt; <span style=\"color: #6ec1e4;\">Products<\/span> -&gt;&gt; <span style=\"color: #6ec1e4;\">Loan Products<\/span> -&gt;&gt; <span style=\"color: #6ec1e4;\">Create New Product <\/span><\/i><\/b><b><i>(Refer: Product Creation)) .<\/i><\/b>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7e643d0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7e643d0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-927ec04\" data-id=\"927ec04\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-816ce8d elementor-widget elementor-widget-image\" data-id=\"816ce8d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"312\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Select-Product-1.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Select Product\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bb2b0d1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bb2b0d1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-260353b\" data-id=\"260353b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-46bc75b elementor-widget elementor-widget-text-editor\" data-id=\"46bc75b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Once the Product is created you can see the <\/span><b><span style=\"color: #6ec1e4;\">New Loan Application<\/span><\/b><span style=\"font-weight: 400;\"> form.<\/span><\/p><p><span style=\"font-weight: 400;\">Update the Mandatory informations and click <\/span><b><span style=\"color: #6ec1e4;\">Next.<\/span><\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6d2b141 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6d2b141\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2594ee1\" data-id=\"2594ee1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ab7dcfc elementor-widget elementor-widget-image\" data-id=\"ab7dcfc\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"234\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-New-Application-1.png\" class=\"attachment-large size-large\" alt=\"Create Loan - New Application\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bfca8b4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bfca8b4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a3094e0\" data-id=\"a3094e0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7f4686b elementor-widget elementor-widget-spacer\" data-id=\"7f4686b\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59b2e28 elementor-widget elementor-widget-heading\" data-id=\"59b2e28\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Field Name and Description<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0077d1f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0077d1f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eba5ab6\" data-id=\"eba5ab6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cca71e4 elementor-widget elementor-widget-text-editor\" data-id=\"cca71e4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li aria-level=\"1\"><b>Product (<\/b><b><span style=\"color: #ff0000;\">*<\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Select the type of loan your offering<\/span><\/li>\n \t<li aria-level=\"1\"><b>Loan purpose &#8211; <\/b><span style=\"font-weight: 400;\">Select the purpose for the loan.<\/span><span style=\"font-weight: 400;\"> E.g, ( Education, Vehicle etc.,)\u00a0 <\/span><span style=\"font-weight: 400;\">(You can add in <\/span><b><span style=\"color: #6ec1e4;\">\nAdmin <\/b><span style=\"font-weight: 400;\">->> <\/span><b><span style=\"color: #6ec1e4;\">\nManage Codes<\/b><span style=\"font-weight: 400;\"> ->> search <\/span><b><span style=\"color: #6ec1e4;\">\n<span style=\"color: #6ec1e4;\">\nLoan Purpose<\/b><span style=\"font-weight: 400;\"> and select ->> click on <\/span><b><span style=\"color: #6ec1e4;\">\n<span style=\"color: #6ec1e4;\">\n<span style=\"color: #6ec1e4;\">\nAdd Code Values<\/b><span style=\"font-weight: 400;\">)\u00a0<\/span><\/li>\n \t<li aria-level=\"1\"><b>Account Type (<\/b><b><span style=\"color: #ff0000;\">*<\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Select the type of loan you\u2019re going to offer and these values are provided by RBI guidelines. (You can add in <\/span><b><span style=\"color: #6ec1e4;\">\nAdmin <\/b><span style=\"font-weight: 400;\">->> <\/span><b><span style=\"color: #6ec1e4;\">\nManage Codes<\/b><span style=\"font-weight: 400;\"> ->> search <\/span><b><span style=\"color: #6ec1e4;\">\nAccount Type<\/b><span style=\"font-weight: 400;\"> and select ->> click on <\/span><b><span style=\"color: #6ec1e4;\">\nAdd Code Values<\/b><span style=\"font-weight: 400;\">)\u00a0\u00a0<\/span><\/li>\n \t<li aria-level=\"1\"><b>Submitted on (<\/b><b><span style=\"color: #ff0000;\">*<\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Choose the date of loan application submission<\/span><\/li>\n \t<li aria-level=\"1\"><b>External ID &#8211; <\/b><span style=\"font-weight: 400;\">Specify any unique identifier to refer the client in future<\/span><\/li>\n \t<li aria-level=\"1\"><b>Loan Officer &#8211; <\/b><span style=\"font-weight: 400;\">Choose the Loan Officer name from the drop-down<\/span><\/li>\n \t<li aria-level=\"1\"><b>Fund &#8211; <\/b><span style=\"font-weight: 400;\">Choose the Fund Name from which you\u2019re going to provide loan<\/span><\/li>\n \t<li aria-level=\"1\"><b>Disbursement on (<\/b><b><span style=\"color: #ff0000;\">*<\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Choose the date when the loan is expected to disburse<\/span><\/li>\n \t<li aria-level=\"1\"><b>Repayment Mode (<\/b><b><span style=\"color: #ff0000;\">*<\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Choose the Repayment Mode from the drop-down (ie., Cash\/Cheque, Nach) (You can add in <\/span><b><span style=\"color: #6ec1e4;\">\nAdmin <\/b><span style=\"font-weight: 400;\">->> <\/span><b><span style=\"color: #6ec1e4;\">\nManage Codes<\/b><span style=\"font-weight: 400;\"> ->> search <\/span><b><span style=\"color: #6ec1e4;\">\nRepaymentMode<\/b><span style=\"font-weight: 400;\"> and select ->> click on <\/span><b><span style=\"color: #6ec1e4;\">\nAdd Code Values<\/b><span style=\"font-weight: 400;\">)\u00a0<\/span><\/li>\n \t<li aria-level=\"1\"><b>Link Savings &#8211; <\/b><span style=\"font-weight: 400;\">If your deposit taking nbfc you can link to your loan accounts to the individual\u00a0 customers saving account<\/span><\/li>\n \t<li aria-level=\"1\"><b>Create standing instruction at disbursement &#8211; <\/b><span style=\"font-weight: 400;\">By selecting this option, the amount will be automatically detected from the client\u2019s account as per the standing instruction specified.<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-29ce70d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"29ce70d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-80e61a0\" data-id=\"80e61a0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bf18ba2 elementor-widget elementor-widget-text-editor\" data-id=\"bf18ba2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<span style=\"font-weight: 400;\">Once you have updated the information in the <\/span><b><span style=\"color: #6ec1e4;\">Details <\/span><\/b><span style=\"font-weight: 400;\">click on <\/span><b><span style=\"color: #6ec1e4;\">Next.<\/span><\/b><b>\u00a0<\/b>\n\n<span style=\"font-weight: 400;\">In the <\/span><b><span style=\"color: #6ec1e4;\">Terms <\/span><\/b><span style=\"font-weight: 400;\">form <\/span><span style=\"font-weight: 400;\">update the mandatory information.<\/span>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d3a7af9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d3a7af9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-47241e4\" data-id=\"47241e4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-56bc44c elementor-widget elementor-widget-spacer\" data-id=\"56bc44c\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c80831 elementor-widget elementor-widget-heading\" data-id=\"1c80831\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Field Name and Description<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c8c9576 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c8c9576\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3625b0f\" data-id=\"3625b0f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8baeaee elementor-widget elementor-widget-text-editor\" data-id=\"8baeaee\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li aria-level=\"1\"><b>Principal &#8211; <\/b><span style=\"font-weight: 400;\">Specify the <\/span><span style=\"font-weight: 400;\">amount borrowed from the lender<\/span><\/li>\n \t<li aria-level=\"1\"><b>Loan Term &#8211; <\/b><span style=\"font-weight: 400;\">Specify the repayment period for the loan amount ( ie, Days, Weekly, Monthly, or yearly)<\/span><\/li>\n \t<li aria-level=\"1\"><b>Number of repayments &#8211; <\/b><span style=\"font-weight: 400;\">Mention the number of repayments that must be made over the period specified<\/span><\/li>\n \t<li aria-level=\"1\"><b>Repaid every &#8211; <\/b><span style=\"font-weight: 400;\">Specify the repaid schedule details (ie, Days, Weeks, Months, Years). If you choose Month you can even select the week and day which you want to repay<\/span><\/li>\n \t<li aria-level=\"1\"><b>First repayment on &#8211; <\/b><span style=\"font-weight: 400;\">You can manually choose the First repayment Date, else the system will automatically assign the date based on the loan submission date<\/span><\/li>\n \t<li aria-level=\"1\"><b>Interest Charged Form &#8211; <\/b><span style=\"font-weight: 400;\">You can manually choose the Interest Charged Form, else the system will automatically assign the date based on the loan submission<\/span><\/li>\n \t<li aria-level=\"1\"><b>Nominal interest rate &#8211; <\/b><span style=\"font-weight: 400;\">Specify the interest rate fixed by the lender per year<\/span><\/li>\n \t<li aria-level=\"1\"><b>Interest Method &#8211; <\/b><span style=\"font-weight: 400;\">Choose whether you want a Flat or Declining Balance for the Interest calculation<\/span>\n<ul>\n \t<li aria-level=\"1\"><b>Flat &#8211; <\/b><span style=\"font-weight: 400;\">The interest flat and principal components of all repayments is<\/span><b> the <\/b><span style=\"font-weight: 400;\">same for the life period<\/span><\/li>\n \t<li aria-level=\"1\"><b>Declining Balance &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the interest rate will be calculated as per the outstanding amount, basically Interest will decrease as the outstanding amount decreases.<\/span><\/li>\n<\/ul>\n<\/li>\n \t<li aria-level=\"1\"><b>Is Equal Amortizatio<\/b><b>n &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the loan repayment will be the same for all the installment. This loan is repaid in equal installments under this type of repayment<\/span><\/li>\n \t<li aria-level=\"1\"><b>Amortization &#8211; <\/b><span style=\"font-weight: 400;\">Choose either Equal Installments or Equal Principal Payments<\/span>\n<ul>\n \t<li aria-level=\"1\"><b>Equal Installments &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the loan repayment amount will be the same for all the installments, but the principal and interest amounts will vary with each repayment<\/span><\/li>\n \t<li aria-level=\"1\"><b>Equal Principal Payments &#8211; Specifies <\/b><span style=\"font-weight: 400;\">the principal amounts will be equal but the repayment and interest amounts will vary with each repayment\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n \t<li aria-level=\"1\"><b>Interest calculation period &#8211; <\/b><span style=\"font-weight: 400;\">Choose either Daily or Same as Repayment Period<\/span>\n<ul>\n \t<li aria-level=\"1\"><b>Daily &#8211; <\/b><span style=\"font-weight: 400;\">Interest will be calculated on a daily basis. (eg., February Month has 28 days. So it will calculate for 28 days)<\/span><\/li>\n \t<li aria-level=\"1\"><b>Same as repayment period &#8211; <\/b><span style=\"font-weight: 400;\">Interest will calculate on the basis of the repayment period (eg., By default it will calculate for 30 days per month)<\/span><\/li>\n<\/ul>\n<\/li>\n \t<li aria-level=\"1\"><b>Calculate interest for exact days in a partial period &#8211; <\/b><b>\u00a0<\/b><span style=\"font-weight: 400;\">It calculates the interest for the exact days in the repayment period. For e.g, If I got a Loan on 25th June\u201921 and my repayment period is 5th July\u201921. It will calculate the interest for the exact 11 days. And for the next repayment it will be calculated for 31 days.<\/span><\/li>\n \t<li aria-level=\"1\"><b>Arrears tolerance &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the maximum amount we can tolerate before moving it to Arrears.<\/span><\/li>\n \t<li aria-level=\"1\"><b>Interest-free period &#8211; <\/b><span style=\"font-weight: 400;\">Specify the interest-free period for the loan amount (ie., If the Interest-Free Period is &#8216;4&#8217; and the client&#8217;s repayment frequency is every week, then for the first four weeks the client need not to pay interest, he has to pay principal due for that week only)<\/span><\/li>\n \t<li aria-level=\"1\"><b>Repayment strategy &#8211;<\/b> <span style=\"font-weight: 400;\">The repayment strategy determines the sequence in which each of the components is paid. Choose any one value from the drop-down to process the repayment.<\/span>\n<ul>\n \t<li aria-level=\"1\"><span style=\"font-weight: 400;\">Penalties, Fees, Interest, Principal Order\u00a0<\/span><\/li>\n \t<li aria-level=\"1\"><span style=\"font-weight: 400;\">Overdue\/Due Fee\/Int\/Principal<\/span><\/li>\n \t<li aria-level=\"1\"><span style=\"font-weight: 400;\">Principal, Interest, Penalties, Fees Order<\/span><\/li>\n \t<li aria-level=\"1\"><span style=\"font-weight: 400;\">Interest, Principal, Penalties, Fees Order<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-486c38f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"486c38f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c97633e\" data-id=\"c97633e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3c5fe37 elementor-widget elementor-widget-text-editor\" data-id=\"3c5fe37\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<span style=\"font-weight: 400;\">If a repayment is to be made, it will be checked in the order listed above. <\/span><span style=\"font-weight: 400;\">For e.g. I\u2019m taking the third option,\u00a0<\/span><span style=\"font-weight: 400;\">If you have a loan with an installment and it is overdue. The instalment amount is 550 dollars (500 Principal, 20 Interest, 15 Penalties, 15 Fees) but you&#8217;re paying only 510rs. In this case it will reduce the amount in the specified order (Remaining amount will be 10 Interest, 15 Penalties, 15 Fees)<\/span>\n<ul>\n \t<li aria-level=\"1\"><b>Moratorium &#8211; <\/b><span style=\"font-weight: 400;\">A moratorium period is a period during which the borrower is not required to make any payments on the loan.<\/span><\/li>\n<\/ul>\n<ul>\n \t<li style=\"list-style-type: none;\">\n<ul>\n \t<li aria-level=\"1\"><b>On principal payment &#8211;<\/b><span style=\"font-weight: 400;\"> If the <\/span><b><span style=\"color: #6ec1e4;\">\nPrincipal Payment is &#8216;6&#8217;<\/span><\/b><span style=\"font-weight: 400;\"> and the client&#8217;s Repayment Frequency is every month, then for the first six months, the client has to pay <\/span><b>Interest-only<\/b><span style=\"font-weight: 400;\"> and after six months the client starts paying the <\/span><b>principal amount<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n \t<li style=\"list-style-type: none;\">\n<ul>\n \t<li aria-level=\"1\"><b>On interest payment &#8211; <\/b><span style=\"font-weight: 400;\">If <\/span><b><span style=\"color: #6ec1e4;\">\nInterest Payment is &#8216;6&#8217;<\/span><\/b><span style=\"font-weight: 400;\"> and the client&#8217;s Repayment Frequency is every month, then for the first six months, the client has to pay <\/span><b>only the principal<\/b><span style=\"font-weight: 400;\"> and after six months the client starts paying the <\/span><b>interest amount.<\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n \t<li style=\"list-style-type: none;\">\n<ul>\n \t<li aria-level=\"1\"><b>On Arrears Aging &#8211; <\/b><span style=\"font-weight: 400;\">Number of days a loan maybe<\/span>overdue before moving into arrears (ie., If 10 is specified, in arrears aging value, the loan will be in arrears on the 11th day after a scheduled payment is missed.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n \t<li aria-level=\"1\"><b>Recalculate Interest &#8211; <\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">If you select the checkbox,<\/span> <span style=\"font-weight: 400;\">system will recalculate the interest based on the outstanding amount for the mentioned period<\/span><\/li>\n<\/ul>\n<ul>\n \t<li aria-level=\"1\"><b>Actual &#8211;<\/b> <b>\u00a0<\/b><span style=\"font-weight: 400;\">Specifies the interest will calculate for actual calendar days<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6299dd2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6299dd2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-29eebee\" data-id=\"29eebee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f2e6157 elementor-widget elementor-widget-image\" data-id=\"f2e6157\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"468\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Terms-1.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Terms\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c439d73 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c439d73\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2438b77\" data-id=\"2438b77\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ac32fb6 elementor-widget elementor-widget-spacer\" data-id=\"ac32fb6\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f11e3b elementor-widget elementor-widget-text-editor\" data-id=\"3f11e3b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<span style=\"font-weight: 400;\">In the charges form select the charge you want to deduct and click on <\/span><b><span style=\"color: #6ec1e4;\">\nNext.<\/b><span style=\"font-weight: 400;\">\u00a0 Click here to know how to<\/span> <b><span style=\"color: #6ec1e4;\">\nadd charges.<\/b>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-26bd456 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"26bd456\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0c03370\" data-id=\"0c03370\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70f1588 elementor-widget elementor-widget-spacer\" data-id=\"70f1588\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a65fd71 elementor-widget elementor-widget-image\" data-id=\"a65fd71\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"374\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Charges-1.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Charges\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8ef5bf2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8ef5bf2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-08f531e\" data-id=\"08f531e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-56109b2 elementor-widget elementor-widget-spacer\" data-id=\"56109b2\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc17169 elementor-widget elementor-widget-text-editor\" data-id=\"cc17169\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<span style=\"font-weight: 400;\">Check the details in the <\/span><b><span style=\"color: #6ec1e4;\">\nReview <\/span><\/b><span style=\"font-weight: 400;\">form, then click Submit if everything looks good.<\/span>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2f583f6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2f583f6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0e0b06e\" data-id=\"0e0b06e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2aaeb0a elementor-widget elementor-widget-spacer\" data-id=\"2aaeb0a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fcd5e3b elementor-widget elementor-widget-image\" data-id=\"fcd5e3b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"465\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Preview.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Preview\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1abb081 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1abb081\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-93e6fb4\" data-id=\"93e6fb4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-de45adc elementor-widget elementor-widget-spacer\" data-id=\"de45adc\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9890a4 elementor-widget elementor-widget-text-editor\" data-id=\"a9890a4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Now the Client&#8217;s Loan Account form will display.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c70c5f elementor-widget elementor-widget-spacer\" data-id=\"0c70c5f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e61f119 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e61f119\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3169e47\" data-id=\"3169e47\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b9839ed elementor-widget elementor-widget-image\" data-id=\"b9839ed\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"465\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Details.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Details\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dc83301 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dc83301\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-af79a7f\" data-id=\"af79a7f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-344f925 elementor-widget elementor-widget-spacer\" data-id=\"344f925\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b0e7118 elementor-widget elementor-widget-heading\" data-id=\"b0e7118\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\"> Menu Name and Description\n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-46f8c58 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"46f8c58\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a322ffa\" data-id=\"a322ffa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7eb24a8 elementor-widget elementor-widget-text-editor\" data-id=\"7eb24a8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><b><span style=\"color: #6ec1e4;\">\n+ Add Loan Charge<\/span> &#8211; <\/b><span style=\"font-weight: 400;\">\u00a0If you want to change the Charge value you can do it here. Select the <\/span><b>Charge <\/b><span style=\"font-weight: 400;\">from the drop-down and enter the <\/span><b>amount <\/b><span style=\"font-weight: 400;\">you want to add as\u00a0 charge. <\/span><b>Charge Calculation<\/b> <b>&#038; Charge time <\/b><span style=\"font-weight: 400;\">you can choose it when you&#8217;re creating the Charge.<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-da66445 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"da66445\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4c62ae9\" data-id=\"4c62ae9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-20b0456 elementor-widget elementor-widget-image\" data-id=\"20b0456\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"468\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Add-Charge.png\" class=\"attachment-large size-large\" alt=\"Add Charge\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48ddb10 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48ddb10\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-becbe3c\" data-id=\"becbe3c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6774c02 elementor-widget elementor-widget-spacer\" data-id=\"6774c02\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-057fafe elementor-widget elementor-widget-text-editor\" data-id=\"057fafe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li><b><span style=\"color: #6ec1e4;\">Approve<\/span> &#8211; <\/b><span style=\"font-weight: 400;\">Once the Loan is created you can verify and Approve it<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3052471 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3052471\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7decb09\" data-id=\"7decb09\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2138c2d elementor-widget elementor-widget-image\" data-id=\"2138c2d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"349\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Approve-Loan-Account.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Approve Loan Account\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6271000 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6271000\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cf2499e\" data-id=\"cf2499e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f45ebb0 elementor-widget elementor-widget-spacer\" data-id=\"f45ebb0\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9bf5286 elementor-widget elementor-widget-text-editor\" data-id=\"9bf5286\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li><b><span style=\"color: #6ec1e4;\">Modify Application<\/span> &#8211; <\/b><span style=\"font-weight: 400;\">If you want to Modify the loan application details. It will return to the application form you can make the necessary changes and then click <\/span><b><span style=\"color: #6ec1e4;\">Submit<\/span><\/b><\/li>\n \t<li><b><span style=\"color: #6ec1e4;\">Reject<\/span> &#8211;<\/b><span style=\"font-weight: 400;\"> If you want to reject the loan application, click Reject and choose the date you want to reject it, then click <\/span><b><span style=\"color: #6ec1e4;\">Submit<\/span><\/b><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e069775 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e069775\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7f4b614\" data-id=\"7f4b614\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dfb04a8 elementor-widget elementor-widget-image\" data-id=\"dfb04a8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"247\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Reject-Loan-Account.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Reject Loan Account\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fd676d9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fd676d9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-27bd8dc\" data-id=\"27bd8dc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d9fb3a elementor-widget elementor-widget-spacer\" data-id=\"9d9fb3a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e569dc elementor-widget elementor-widget-text-editor\" data-id=\"3e569dc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<b><span style=\"color: #6ec1e4;\">\nMore -&gt;<\/span><\/b>\n<ul>\n \t<li><b><span style=\"color: #6ec1e4;\">\nChange Loan Officer<\/span> &#8211; <\/b>If you want to change the Loan Office you can do it here<\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b4ed315 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b4ed315\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-be234a6\" data-id=\"be234a6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f4f307f elementor-widget elementor-widget-image\" data-id=\"f4f307f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"226\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Assign-Loan-Officer-1.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Assign Loan Officer\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e44865 elementor-widget elementor-widget-spacer\" data-id=\"2e44865\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6f8ac55 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6f8ac55\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d65b483\" data-id=\"d65b483\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9f8d064 elementor-widget elementor-widget-text-editor\" data-id=\"9f8d064\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li><b><span style=\"color: #6ec1e4;\">\nWithdrawn by client <\/b><span style=\"font-weight: 400;\">&#8211; If a client wants to withdraw the loan you can click here and select the date and <\/span><b><span style=\"color: #6ec1e4;\">Submit<\/span><\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-adb84dc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"adb84dc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-441106e\" data-id=\"441106e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c77d545 elementor-widget elementor-widget-image\" data-id=\"c77d545\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"254\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Withdraw-Loan-Account.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Withdraw Loan Account\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f8271f7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f8271f7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5256362\" data-id=\"5256362\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d8fb4fd elementor-widget elementor-widget-spacer\" data-id=\"d8fb4fd\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3bd6532 elementor-widget elementor-widget-text-editor\" data-id=\"3bd6532\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li aria-level=\"1\"><b><span style=\"color: #6ec1e4;\">Delete<\/span> &#8211; <\/b><span style=\"font-weight: 400;\">If you want to delete the Loan Account you can just click once and it will delete the loan account<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a2cf4a8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a2cf4a8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d4f3b4f\" data-id=\"d4f3b4f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c1f1596 elementor-widget elementor-widget-heading\" data-id=\"c1f1596\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\"> Create Guarantor<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-67bd46e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"67bd46e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cdffb4d\" data-id=\"cdffb4d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a0ccc01 elementor-widget elementor-widget-text-editor\" data-id=\"a0ccc01\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<span style=\"font-weight: 400;\">You can update the Guarantor details in this form. If the Guarantor is an <\/span><b>existing client<\/b><span style=\"font-weight: 400;\"> then select the checkbox and specify the <\/span><b>guarantor name and relationship<\/b><span style=\"font-weight: 400;\">. It will automatically fetch the corresponding details, then click <\/span><b><span style=\"color: #6ec1e4;\">\nSubmit<\/b><span style=\"font-weight: 400;\">\u00a0<\/span>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a94669 elementor-widget elementor-widget-spacer\" data-id=\"4a94669\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-830199d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"830199d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1774c46\" data-id=\"1774c46\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bb383a5 elementor-widget elementor-widget-image\" data-id=\"bb383a5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"407\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Create-Guarantor.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Create Guarantor\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-75a7f66 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"75a7f66\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-af94dc3\" data-id=\"af94dc3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fa1c456 elementor-widget elementor-widget-spacer\" data-id=\"fa1c456\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13134d9 elementor-widget elementor-widget-text-editor\" data-id=\"13134d9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<span style=\"font-weight: 400;\">\u00a0If the Guarantor is a new person then uncheck the <\/span><b>Existing Client.<\/b>\n<ul>\n \t<li><b>Relationship <\/b><span style=\"font-weight: 400;\">&#8211; Select the relationship with the Guarantor<\/span><\/li>\n \t<li style=\"list-style-type: none;\">\n<ul>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><b>First Name(<span style=\"color: #ff0000;\">*<\/span>) &#8211;<\/b><span style=\"font-weight: 400;\"> Specify Guarantor\u2019s First Name<\/span><\/li>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Last Name(<span style=\"color: #ff0000;\">*<\/span>) &#8211;<\/b><span style=\"font-weight: 400;\"> Specify Guarantor\u2019s Last Name<\/span><\/li>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Date of Birth &#8211; <\/b><span style=\"font-weight: 400;\">Select the Guarantor\u2019s Date of Birth<\/span><\/li>\n<\/ul>\n<\/li>\n \t<li><b>Address &#8211; <\/b><span style=\"font-weight: 400;\">Specify the Address of the Guarantor<\/span><\/li>\n \t<li><b>City &#8211; <\/b><span style=\"font-weight: 400;\">Specify the City of the Guarantor<\/span><\/li>\n \t<li><b>Zip &#8211; <\/b><span style=\"font-weight: 400;\">Specify the Zip Code of the Guarantor<\/span><\/li>\n \t<li><b>Mobile Number(<span style=\"color: #ff0000;\">*<\/span>) &#8211; <\/b><span style=\"font-weight: 400;\">Specify Guarantor\u2019s Mobile Number<\/span><\/li>\n \t<li><b>Residence Phone# &#8211;<\/b><span style=\"font-weight: 400;\"> Specify Residence Phone of the Guarantor<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-29d1a52 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"29d1a52\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e3ee55b\" data-id=\"e3ee55b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e2ee3a5 elementor-widget elementor-widget-heading\" data-id=\"e2ee3a5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Additional Details<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a088b14 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a088b14\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-910c0fa\" data-id=\"910c0fa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6b269cb elementor-widget elementor-widget-text-editor\" data-id=\"6b269cb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Income Details<\/b><span style=\"font-weight: 400;\"> &#8211; Enter the yearly income details<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-365ba59 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"365ba59\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-85f8b5b\" data-id=\"85f8b5b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f7f6c08 elementor-widget elementor-widget-image\" data-id=\"f7f6c08\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"415\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Guarantor-Additional-Details.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Guarantor Additional Details\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3705a4a elementor-widget elementor-widget-spacer\" data-id=\"3705a4a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ceb34bd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ceb34bd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-06f7b7d\" data-id=\"06f7b7d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bec086e elementor-widget elementor-widget-heading\" data-id=\"bec086e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Guarantor Identifier\n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2b31432 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2b31432\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6ec7d9f\" data-id=\"6ec7d9f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a2ee77c elementor-widget elementor-widget-text-editor\" data-id=\"a2ee77c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><b>KYC Document Type &#8211; <\/b><span style=\"font-weight: 400;\">Choose the document type from the dropdown<\/span><\/li>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><b>KYC ID Number <\/b><span style=\"font-weight: 400;\">&#8211; Specify the corresponding document id number<\/span><\/li>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Status <\/b><span style=\"font-weight: 400;\">&#8211; Choose the status of the document (ie. Active or Inactive)<\/span><\/li>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Description <\/b><span style=\"font-weight: 400;\">&#8211; Specify the description if any<\/span><\/li>\n<\/ul>\n<span style=\"font-weight: 400;\">Once updated the Guarantor informations click <\/span><b><span style=\"color: #6ec1e4;\">\nSubmit<\/b>\n<ul>\n \t<li><b>View Guarantor &#8211;<\/b><span style=\"font-weight: 400;\"> If you want to view the guarantor details you can click on this menu<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-69bbc03 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"69bbc03\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3cfd847\" data-id=\"3cfd847\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70d4184 elementor-widget elementor-widget-image\" data-id=\"70d4184\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"370\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-View-Guarantor-Details.png\" class=\"attachment-large size-large\" alt=\"Create Loan - View Guarantor Details\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eacd47c elementor-widget elementor-widget-spacer\" data-id=\"eacd47c\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5c97cb2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5c97cb2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e30f30d\" data-id=\"e30f30d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-52e481d elementor-widget elementor-widget-text-editor\" data-id=\"52e481d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Once the Loan is Approved you can see the below menus,<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c77db6f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c77db6f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-34e8222\" data-id=\"34e8222\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7b72d71 elementor-widget elementor-widget-image\" data-id=\"7b72d71\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"469\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Loan-Approved.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Loan Approved\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c39a16 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4c39a16\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c5d5194\" data-id=\"c5d5194\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-21eba04 elementor-widget elementor-widget-spacer\" data-id=\"21eba04\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6590d5d elementor-widget elementor-widget-text-editor\" data-id=\"6590d5d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Change Loan Officer <\/b><span style=\"font-weight: 400;\">&#8211; If you want to change the Loan Office you can change it here as previously mentioned<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-900f8de elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"900f8de\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7030707\" data-id=\"7030707\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-863150c elementor-widget elementor-widget-text-editor\" data-id=\"863150c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li><b>Disburse &#8211; <\/b><span style=\"font-weight: 400;\">Here you can disburse the loan amount to your client. In this form select the\u00a0 disbursement date, disbursement amount, and payment type, by default it is Money Transfer.<\/span><\/li>\n<\/ul>\n<span style=\"font-weight: 400;\">To update the further payment details click on the <\/span><b><span style=\"color: #6ec1e4;\">+<\/span><\/b><span style=\"font-weight: 400;\"> beside <\/span><b>Show Payment Details<\/b><span style=\"font-weight: 400;\"> and complete the relevant fields<\/span>\n<ul>\n \t<li style=\"list-style-type: none;\">\n<ul>\n \t<li><b>Account# &#8211; <\/b><span style=\"font-weight: 400;\">Specify the account number of the client<\/span><\/li>\n \t<li aria-level=\"2\"><b>Cheque# &#8211; <\/b><span style=\"font-weight: 400;\">Specify the cheque number of the client<\/span><\/li>\n \t<li aria-level=\"2\"><b>Routing Code &#8211; <\/b><span style=\"font-weight: 400;\">Specify the routing code for t<\/span><span style=\"font-weight: 400;\">he particular branch (You can get this in the bottom left corner of your cheque)<\/span><\/li>\n \t<li aria-level=\"2\"><b>Type Receipt &#8211; <\/b><span style=\"font-weight: 400;\">Specify the receipt type<\/span><\/li>\n \t<li aria-level=\"2\"><b>Bank# &#8211; <\/b><span style=\"font-weight: 400;\">Specify the name of the bank<\/span><\/li>\n \t<li aria-level=\"2\"><b>Payment Channel &#8211; <\/b><span style=\"font-weight: 400;\">By default it will be none<\/span><\/li>\n \t<li aria-level=\"2\"><b>Disbursed to &#8211; <\/b><span style=\"font-weight: 400;\">By default it will be none<\/span><\/li>\n \t<li aria-level=\"2\"><b>Note &#8211; <\/b><span style=\"font-weight: 400;\">Specify if any notes for future reference<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dd665cf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dd665cf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4a883d1\" data-id=\"4a883d1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db58f89 elementor-widget elementor-widget-image\" data-id=\"db58f89\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"345\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Disburse-Loan-Account.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Disburse Loan Account\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0b8807b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0b8807b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a90525d\" data-id=\"a90525d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-196583c elementor-widget elementor-widget-spacer\" data-id=\"196583c\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19db7d7 elementor-widget elementor-widget-text-editor\" data-id=\"19db7d7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li aria-level=\"1\"><b>Disburse to savings &#8211; <\/b><span style=\"font-weight: 400;\">You can disburse the amount to the client&#8217;s saving account. Refer information canceled,disbursement date and enter the amount you want to disburse, then click <\/span><b><span style=\"color: #6ec1e4;\">Submit<\/span><\/b><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ff3a749 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ff3a749\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2d02279\" data-id=\"2d02279\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f9be905 elementor-widget elementor-widget-image\" data-id=\"f9be905\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"283\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Disburse-Loan-Account1.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Disburse Loan Account1\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1816cc4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1816cc4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-111b4c3\" data-id=\"111b4c3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1978c9a elementor-widget elementor-widget-spacer\" data-id=\"1978c9a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f3b7d7f elementor-widget elementor-widget-text-editor\" data-id=\"f3b7d7f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li><b>Undo Approval &#8211; <\/b><span style=\"font-weight: 400;\">If you want to undo the loan approval you can do it here by clicking on <\/span><b><span style=\"color: #6ec1e4;\">Submit<\/span><\/b><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-035c17c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"035c17c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ebfb043\" data-id=\"ebfb043\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7b08612 elementor-widget elementor-widget-image\" data-id=\"7b08612\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"214\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Undo-Approve-Loan-Account.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Undo Approve Loan Account\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08285ed elementor-widget elementor-widget-spacer\" data-id=\"08285ed\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48937e6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48937e6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-581d356\" data-id=\"581d356\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eebd3ff elementor-widget elementor-widget-text-editor\" data-id=\"eebd3ff\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Once you have approved the loan amount you will get all the details as below,<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ece7d30 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ece7d30\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cb9f4e1\" data-id=\"cb9f4e1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-83708b4 elementor-widget elementor-widget-image\" data-id=\"83708b4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"465\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Loan-Active.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Loan Active\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f8d0447 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f8d0447\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-73d3b65\" data-id=\"73d3b65\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0667033 elementor-widget elementor-widget-spacer\" data-id=\"0667033\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-119e7d3 elementor-widget elementor-widget-image\" data-id=\"119e7d3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"401\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Active-Loan1.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Active Loan1\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-042b9cd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"042b9cd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b1e4f2a\" data-id=\"b1e4f2a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ae6dd17 elementor-widget elementor-widget-spacer\" data-id=\"ae6dd17\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57123dc elementor-widget elementor-widget-heading\" data-id=\"57123dc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\"> Menu Name and Description<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-156c4ec elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"156c4ec\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3709e1d\" data-id=\"3709e1d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8456cd4 elementor-widget elementor-widget-text-editor\" data-id=\"8456cd4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<b><span style=\"color: #6ec1e4;\">Prepay Loan &#8211; <\/span><\/b><span style=\"font-weight: 400;\">Specifies the entire loan amount is paid before the repayment period ends. Once you click on the Prepay Loan it will ask for the following details.<\/span>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-01daa56 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"01daa56\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c9f9e69\" data-id=\"c9f9e69\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8a5ab08 elementor-widget elementor-widget-image\" data-id=\"8a5ab08\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"435\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Prepay-Loan.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Prepay Loan\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9275fc6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9275fc6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e15129c\" data-id=\"e15129c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ac48d7 elementor-widget elementor-widget-spacer\" data-id=\"4ac48d7\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a6bae5 elementor-widget elementor-widget-text-editor\" data-id=\"5a6bae5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li aria-level=\"1\"><b>Transaction date (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>)<\/b> <b>&#8211; <\/b><span style=\"font-weight: 400;\">Specifies the amount transaction date<\/span><\/li>\n \t<li aria-level=\"1\"><b>Transaction amount (<\/b><b><span style=\"color: #ff0000;\"><span style=\"color: #ff0000;\">*<\/span><\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Specifies how much amount you want to transfer<\/span><\/li>\n \t<li aria-level=\"1\"><b>Principal &#8211; <\/b><span style=\"font-weight: 400;\">Principal<\/span> <span style=\"font-weight: 400;\">Value will be automatically updated by the system<\/span><\/li>\n \t<li aria-level=\"1\"><b>Interest amount (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the interest amount for the particular period<\/span><\/li>\n \t<li aria-level=\"1\"><b>Repayment Type (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the repayment type (eg, Manual)<\/span><\/li>\n \t<li aria-level=\"1\"><b>Payment type (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Select Money Transfer<\/span><\/li>\n \t<li aria-level=\"1\"><b>Show Payment Details &#8211; <\/b><span style=\"font-weight: 400;\">Click on the <\/span><b><span style=\"color: #6ec1e4;\">(+) <\/span><\/b><span style=\"font-weight: 400;\">sign and you will get the below details<\/span><\/li>\n \t<li aria-level=\"1\"><b>Account# &#8211; <\/b><span style=\"font-weight: 400;\">Specify your bank account number<\/span><\/li>\n \t<li aria-level=\"1\"><b>Cheque# &#8211; <\/b><span style=\"font-weight: 400;\">Specify your Cheque number<\/span><\/li>\n \t<li aria-level=\"1\"><b>Routing code &#8211; <\/b><span style=\"font-weight: 400;\">Specify your routing code (You can get this in the bottom left corner of your cheque)<\/span><\/li>\n \t<li aria-level=\"1\"><b>Receipt# &#8211; <\/b><span style=\"font-weight: 400;\">Specify the receipt number<\/span><\/li>\n \t<li aria-level=\"1\"><b>Bank# &#8211; <\/b><span style=\"font-weight: 400;\">Specify the Name of the Bank<\/span><\/li>\n \t<li aria-level=\"1\"><b>Note &#8211; <\/b><span style=\"font-weight: 400;\">Specify if any notes for future reference<\/span><\/li>\n<\/ul>\n<span style=\"font-weight: 400;\">Update the above details and click on <\/span><b><span style=\"color: #6ec1e4;\">\nSubmit<\/span><\/b>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9102493 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9102493\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8a863fe\" data-id=\"8a863fe\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-784c94c elementor-widget elementor-widget-text-editor\" data-id=\"784c94c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<b><span style=\"color: #6ec1e4;\">\n$ForeClosure<\/span> &#8211; <\/b><span style=\"font-weight: 400;\">Specify that the customer repays the entire loan amount before the due date.<\/span>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-825ffcb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"825ffcb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3746f85\" data-id=\"3746f85\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5477764 elementor-widget elementor-widget-spacer\" data-id=\"5477764\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-faa5f89 elementor-widget elementor-widget-image\" data-id=\"faa5f89\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"418\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Foreclosure.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Foreclosure\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7f5436 elementor-widget elementor-widget-spacer\" data-id=\"c7f5436\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a727235 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a727235\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ac6f43c\" data-id=\"ac6f43c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2fd33c4 elementor-widget elementor-widget-text-editor\" data-id=\"2fd33c4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<b><span style=\"color: #6ec1e4;\">\nTransaction date<\/span> (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Specifies the amount transaction date<\/span>\n<ul>\n \t<li><span style=\"font-weight: 400;\">The rest of the fields are automatically updated by the system<\/span><\/li>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Click on <\/span><b><span style=\"color: #6ec1e4;\">Submit<\/span><\/b><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-377d96f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"377d96f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ce2f001\" data-id=\"ce2f001\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-59ae794 elementor-widget elementor-widget-text-editor\" data-id=\"59ae794\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<b><span style=\"color: #6ec1e4;\">\n$ Make Repayment<\/span> &#8211; <\/b><span style=\"font-weight: 400;\">Refers to the payment of a borrowed amount from Lender.<\/span>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f0d51ac elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f0d51ac\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e7d96c9\" data-id=\"e7d96c9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9b6daa6 elementor-widget elementor-widget-spacer\" data-id=\"9b6daa6\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-427398a elementor-widget elementor-widget-image\" data-id=\"427398a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"368\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Repayment.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Repayment\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1333ad0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1333ad0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ede883c\" data-id=\"ede883c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5c4d094 elementor-widget elementor-widget-spacer\" data-id=\"5c4d094\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a3fe94 elementor-widget elementor-widget-text-editor\" data-id=\"5a3fe94\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For fields and descriptions please refer to the <\/span><b><span style=\"color: #6ec1e4;\">\nPrepay Loan. <\/span><\/b><span style=\"font-weight: 400;\">Once updated the fields click on <\/span><b><span style=\"color: #6ec1e4;\">\nSubmit<\/span><\/b><\/li>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Now in the Repayment Schedule, you can see the transaction details<\/span><\/li>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The due amount of 11,902 is paid and the Balance of the Loan amount is shown in the table<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9425104 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9425104\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e233ac5\" data-id=\"e233ac5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0b1feaf elementor-widget elementor-widget-image\" data-id=\"0b1feaf\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"465\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Repayment-Schedule.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Repayment Schedule\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2200732 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2200732\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-47dd20a\" data-id=\"47dd20a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-348db2a elementor-widget elementor-widget-spacer\" data-id=\"348db2a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-00fbbcc elementor-widget elementor-widget-text-editor\" data-id=\"00fbbcc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><b><span style=\"color: #6ec1e4;\">Undo Disbursal<\/span> &#8211;<\/b><span style=\"font-weight: 400;\"> Refers to undoing the disbursal amount which we made earlier.<\/span><\/p><p><span style=\"font-weight: 400;\">Click the <\/span><b><span style=\"color: #6ec1e4;\">Undo Disbursal<\/span><\/b><span style=\"font-weight: 400;\"> button, then specify if you have any notes here, before clicking <\/span><b><span style=\"color: #6ec1e4;\">Submit<\/span><\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ca2dd16 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ca2dd16\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8e561dc\" data-id=\"8e561dc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b972c3f elementor-widget elementor-widget-image\" data-id=\"b972c3f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"463\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Cancel-Disbursed-Amount.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Cancel Disbursed Amount\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd75d89 elementor-widget elementor-widget-spacer\" data-id=\"bd75d89\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f749d96 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f749d96\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c387fde\" data-id=\"c387fde\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5721fec elementor-widget elementor-widget-text-editor\" data-id=\"5721fec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">As you can see, the disbursed loan amount has been cancelled<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a84c047 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a84c047\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f489801\" data-id=\"f489801\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6fdb9e6 elementor-widget elementor-widget-text-editor\" data-id=\"6fdb9e6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<b><span style=\"color: #6ec1e4;\">\nWaive Interest <\/span>&#8211; <\/b><span style=\"font-weight: 400;\">It specifies you can waive interest on the loan account.<\/span>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48aa21a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48aa21a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7716b4a\" data-id=\"7716b4a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d450d4 elementor-widget elementor-widget-spacer\" data-id=\"2d450d4\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7bec7d elementor-widget elementor-widget-image\" data-id=\"d7bec7d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"466\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Wave-Interest.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Waive Interest\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f1a1c38 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f1a1c38\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d6163d4\" data-id=\"d6163d4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b9d781e elementor-widget elementor-widget-spacer\" data-id=\"b9d781e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-afc2a20 elementor-widget elementor-widget-image\" data-id=\"afc2a20\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"282\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Waive-Interest1.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Waive Interest1\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2afdf64 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2afdf64\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0efebb3\" data-id=\"0efebb3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6d16c1e elementor-widget elementor-widget-spacer\" data-id=\"6d16c1e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b008792 elementor-widget elementor-widget-text-editor\" data-id=\"b008792\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Select the interest date you want to Waive.<\/span><\/li>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Specify the amount you want to waive. Still once you have selected the date by default it will show the corresponding interest amount for the period<\/span><\/li>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Once updated the date and amount click on <\/span><b><span style=\"color: #6ec1e4;\">\nSubmit<\/span><\/b><\/li>\n \t<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Now in the <\/span><b><span style=\"color: #6ec1e4;\">\nTransaction <\/span><\/b><span style=\"font-weight: 400;\">tab,the\u00a0 you can see the waived interest details<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1e7c074 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1e7c074\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-edd3571\" data-id=\"edd3571\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-78e37f1 elementor-widget elementor-widget-image\" data-id=\"78e37f1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"420\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Transaction-Details.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Transaction Details\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e65a2a6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e65a2a6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5ccec15\" data-id=\"5ccec15\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e3cf2b7 elementor-widget elementor-widget-spacer\" data-id=\"e3cf2b7\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e28db4 elementor-widget elementor-widget-text-editor\" data-id=\"1e28db4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><b><span style=\"color: #6ec1e4;\"><br \/>Reschedule <\/span>&#8211; <\/b><span style=\"font-weight: 400;\">Refers to reschedule the Installment amount which you need to pay.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-809d298 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"809d298\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d1d88a9\" data-id=\"d1d88a9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3e19ab1 elementor-widget elementor-widget-spacer\" data-id=\"3e19ab1\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a879c3 elementor-widget elementor-widget-image\" data-id=\"4a879c3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"469\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Reschedule.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Reschedule\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-366f183 elementor-widget elementor-widget-spacer\" data-id=\"366f183\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-648cd4e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"648cd4e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1385a0f\" data-id=\"1385a0f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b7572c2 elementor-widget elementor-widget-spacer\" data-id=\"b7572c2\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf7a9b7 elementor-widget elementor-widget-image\" data-id=\"cf7a9b7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Reschedule-Installment.png\" class=\"attachment-large size-large\" alt=\"Reschedule Installment\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-321c4a7 elementor-widget elementor-widget-spacer\" data-id=\"321c4a7\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-624d6ba elementor-widget elementor-widget-heading\" data-id=\"624d6ba\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Menu Name and Description<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2291b8 elementor-widget elementor-widget-text-editor\" data-id=\"b2291b8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li><b>Reschedule from Installment On (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Provide reschedule installment on date<\/span><\/li><li><b>Reason for Rescheduling (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Provide reason for rescheduling<\/span><\/li><li><b>Submitted On (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Select the date to submit the reschedule information<\/span><\/li><li><b>Comments &#8211; <\/b><span style=\"font-weight: 400;\">Specify any comments you want to refer to in future<\/span><\/li><li><b>Change Repayment Date &#8211; <\/b><b><i>Installment Rescheduled to &#8211; <\/i><\/b>Specify the installment rescheduled date<\/li><li><b>Introduce Mid-term grace periods\u00a0 &#8211; <\/b><b><i>Principal Grace Periods &#8211; <\/i><\/b><span style=\"font-weight: 400;\">Specify the grace period for principal, <b><i>Interest Grace Periods &#8211; <\/i><\/b>Specify the grace period for interest<br \/><\/span><b><\/b><\/li><li><b>Extend Repayment Period &#8211; <\/b><b><i>Number of new Repayments &#8211; <\/i><\/b><span style=\"font-weight: 400;\">Specify the number of new repayment period once it is extended<\/span><\/li><li><b>Adjust interest rates for remainder of loan\u00a0 &#8211; <\/b><b><i>New Interest Rate &#8211; <\/i><\/b><span style=\"font-weight: 400;\">Specify the new interest rate for the remaining repayment period<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-657df43 elementor-widget elementor-widget-spacer\" data-id=\"657df43\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72b51f3 elementor-widget elementor-widget-spacer\" data-id=\"72b51f3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-78fdf94 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"78fdf94\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1a51edd\" data-id=\"1a51edd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db018b7 elementor-widget elementor-widget-text-editor\" data-id=\"db018b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<b><span style=\"color: #6ec1e4;\">Write-Off <\/span> &#8211; <\/b><span style=\"font-weight: 400;\">Specify that a client&#8217;s loan will be written off by the bank. The loan account will be automatically closed once the loan has been written off.<\/span>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2002d50 elementor-widget elementor-widget-spacer\" data-id=\"2002d50\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-795444d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"795444d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fbea074\" data-id=\"fbea074\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a3b5d24 elementor-widget elementor-widget-image\" data-id=\"a3b5d24\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"465\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Write-Off.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Write-Off\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-92b9764 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"92b9764\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ef394e7\" data-id=\"ef394e7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-57d9741 elementor-widget elementor-widget-spacer\" data-id=\"57d9741\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5271045 elementor-widget elementor-widget-image\" data-id=\"5271045\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"318\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Write-Off1.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Write-Off1\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b50200e elementor-widget elementor-widget-spacer\" data-id=\"b50200e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d66ff8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d66ff8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7158aa8\" data-id=\"7158aa8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8e3b9db elementor-widget elementor-widget-heading\" data-id=\"8e3b9db\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Menu Name and Description<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c42a342 elementor-widget elementor-widget-text-editor\" data-id=\"c42a342\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul>\n \t<li aria-level=\"1\"><b>Write off on (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Select the Write Off date<\/span><\/li>\n \t<li aria-level=\"1\"><b>Amount &#8211; <\/b><span style=\"font-weight: 400;\">Specify the amount you want to Write-Off<\/span><\/li>\n \t<li aria-level=\"1\"><b>Write off Reason (<\/b><b><span style=\"color: #ff0000;\">*<\/span><\/b><b>) &#8211; <\/b><span style=\"font-weight: 400;\">Choose the reason from drop-down ( You can add your reason in the <span style=\"color: #6ec1e4;\">Admin<\/span> -&gt;&gt;<span style=\"color: #6ec1e4;\"> System<\/span> -&gt;&gt; <span style=\"color: #6ec1e4;\">Manage Codes<\/span> -&gt;&gt; Search for<span style=\"color: #6ec1e4;\"> WriteOffReasons<\/span> -&gt;&gt;<span style=\"color: #6ec1e4;\"> Add Code Values<\/span>)<\/span><\/li>\n \t<li aria-level=\"1\"><b>Note &#8211; <\/b><span style=\"font-weight: 400;\">Specify if you want to add any notes for your future reference<\/span><\/li>\n<\/ul>\nOnce you have updated details click on <b><span style=\"color: #6ec1e4;\">Submit.<\/span><\/b>\n<b><\/b>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1a54a59 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1a54a59\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1aa72b8\" data-id=\"1aa72b8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6d7ebca elementor-widget elementor-widget-spacer\" data-id=\"6d7ebca\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4197028 elementor-widget elementor-widget-image\" data-id=\"4197028\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"465\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Write-Off-Details.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Write-Off Details\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5dc2675 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5dc2675\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c0ae31f\" data-id=\"c0ae31f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4070ae3 elementor-widget elementor-widget-spacer\" data-id=\"4070ae3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5ac04b elementor-widget elementor-widget-text-editor\" data-id=\"c5ac04b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Now you can see the amount you have entered is <\/span><b>Written-Off <\/b><span style=\"font-weight: 400;\">in the Personal Loan Form.<\/span><\/p><p><b><span style=\"color: #6ec1e4;\">Close (as Rescheduled)<\/span> &#8211; <\/b><span style=\"font-weight: 400;\">Specifies to close the Loan Account as Rescheduled.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9fa1fbf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9fa1fbf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-05d5f72\" data-id=\"05d5f72\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7e6c85c elementor-widget elementor-widget-image\" data-id=\"7e6c85c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"469\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Close-as-Rescheduled.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Close as Rescheduled\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2d1be17 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2d1be17\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8f6a4e4\" data-id=\"8f6a4e4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-822de37 elementor-widget elementor-widget-spacer\" data-id=\"822de37\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-196da37 elementor-widget elementor-widget-image\" data-id=\"196da37\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"253\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Close-as-Rescheduled1.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Close as Rescheduled1\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4b05dae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4b05dae\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-84bfdeb\" data-id=\"84bfdeb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1fd1357 elementor-widget elementor-widget-spacer\" data-id=\"1fd1357\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8edaa08 elementor-widget elementor-widget-text-editor\" data-id=\"8edaa08\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Select the Closing Date of a loan account and click on <\/span><b><span style=\"color: #6ec1e4;\">Submit.<\/span><\/b><\/p><p><span style=\"font-weight: 400;\">Now you can see the status has changed to Loan Closed as Rescheduled.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6b166eb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6b166eb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-39d0e73\" data-id=\"39d0e73\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5425bc0 elementor-widget elementor-widget-image\" data-id=\"5425bc0\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"471\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Closed-as-reshedule1.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Closed as reshedule1\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e1c7d83 elementor-widget elementor-widget-spacer\" data-id=\"e1c7d83\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-35fe3c1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"35fe3c1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eb50ed2\" data-id=\"eb50ed2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f0dade5 elementor-widget elementor-widget-text-editor\" data-id=\"f0dade5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<b><span style=\"color: #6ec1e4;\">\nClose <\/span>&#8211; <\/b><span style=\"font-weight: 400;\">Specifies to close the Loan Account once the repayment is completely done.<\/span>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-14454a1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"14454a1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3aac19b\" data-id=\"3aac19b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-865e04a elementor-widget elementor-widget-spacer\" data-id=\"865e04a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7137bab elementor-widget elementor-widget-image\" data-id=\"7137bab\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"247\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Close-Loan-Account.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Close Loan Account\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f7730ac elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f7730ac\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2c79a4c\" data-id=\"2c79a4c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-828a5aa elementor-widget elementor-widget-spacer\" data-id=\"828a5aa\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fff8de4 elementor-widget elementor-widget-text-editor\" data-id=\"fff8de4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Once you select the date and submit the Loan Account status will be moved to close.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5582630 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5582630\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cccf52c\" data-id=\"cccf52c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ecb808e elementor-widget elementor-widget-heading\" data-id=\"ecb808e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\">Interest Calculation\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f356cda elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f356cda\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5a05008\" data-id=\"5a05008\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f56390b elementor-widget elementor-widget-text-editor\" data-id=\"f56390b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Listed few examples below,<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-580ad9e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"580ad9e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f8927f5\" data-id=\"f8927f5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6201a9e elementor-widget elementor-widget-heading\" data-id=\"6201a9e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Scenario 1:<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7aa371c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7aa371c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-89943d2\" data-id=\"89943d2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42ece76 elementor-widget elementor-widget-text-editor\" data-id=\"42ece76\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Principal amount &#8211; 100,000<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loan Term &#8211; 9 in months<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No of repayments &#8211; 9<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Repaid Every &#8211; Month<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nominal Interest Rate &#8211; 17% per year<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest Method &#8211; Declining Balance<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Amortization <\/span><b>&#8211; <\/b><span style=\"font-weight: 400;\">Equal Installments<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest Calculation Period &#8211; Daily<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-55c5a33 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"55c5a33\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5c10429\" data-id=\"5c10429\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9888692 elementor-widget elementor-widget-text-editor\" data-id=\"9888692\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The Total Loan Amount is <\/span><b>100,000<\/b><span style=\"font-weight: 400;\">,\u00a0 the due amount is <\/span><b>11,902<\/b><span style=\"font-weight: 400;\"> and the total amount to be paid is <\/span><b>104,441.55<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-88e4935 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"88e4935\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-670332d\" data-id=\"670332d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a33d2e9 elementor-widget elementor-widget-image\" data-id=\"a33d2e9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"403\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Interest-Calculation-Daily.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Interest Calculation - Daily\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7fb8832 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7fb8832\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-520870d\" data-id=\"520870d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a421f48 elementor-widget elementor-widget-spacer\" data-id=\"a421f48\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d0a7a0 elementor-widget elementor-widget-heading\" data-id=\"2d0a7a0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Scenario 2:\n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d3d65d5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d3d65d5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f50aa41\" data-id=\"f50aa41\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2b12dc elementor-widget elementor-widget-text-editor\" data-id=\"c2b12dc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Principal amount &#8211; 100,000<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loan Term &#8211; 9 in months<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No of repayments &#8211; 9<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Repaid Every &#8211; Month<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nominal Interest Rate &#8211; 17% per year<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest Method &#8211; Declining Balance<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Amortization <\/span><b>&#8211; <\/b><span style=\"font-weight: 400;\">Equal Installments<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest Calculation Period &#8211; Same as the repayment period<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">The Total Loan Amount is <\/span><b>100,000<\/b><span style=\"font-weight: 400;\">,\u00a0 the due amount is <\/span><b>11,913<\/b><span style=\"font-weight: 400;\"> and the total amount to be paid is <\/span><b>105,630.69<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-507b40c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"507b40c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fbfc84d\" data-id=\"fbfc84d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-217ecb1 elementor-widget elementor-widget-image\" data-id=\"217ecb1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"418\" src=\"https:\/\/wiki.cloudbankin.com\/wp-content\/uploads\/2021\/07\/Create-Loan-Interest-Calculation-Same-as-repayment.png\" class=\"attachment-large size-large\" alt=\"Create Loan - Interest Calculation - Same as repayment\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d041234 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d041234\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1cf1a2d\" data-id=\"1cf1a2d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-753a89f elementor-widget elementor-widget-spacer\" data-id=\"753a89f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1aa7c5a elementor-widget elementor-widget-text-editor\" data-id=\"1aa7c5a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">So likewise every parameter has a different set of interest calculations and it will reflect the corresponding amount.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"featured_media":0,"parent":5667,"menu_order":19,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-5674","docs","type-docs","status-publish","hentry","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Create Loan - Cloudbankin | Wiki | Habile<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/getting-started\/apply-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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