{"id":7733,"date":"2021-10-20T16:05:52","date_gmt":"2021-10-20T16:05:52","guid":{"rendered":"https:\/\/wiki.habiletechnologies.com\/index.php\/docs\/cloudbankin-documentation\/loans\/disburse-loan\/"},"modified":"2021-10-20T18:03:35","modified_gmt":"2021-10-20T18:03:35","slug":"disburse-loan","status":"publish","type":"docs","link":"https:\/\/wiki.cloudbankin.com\/index.php\/docs\/cloudbankin-documentation\/loans\/disburse-loan\/","title":{"rendered":"Disburse Loan"},"content":{"rendered":"\t\t
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Once the Loan is Approved you can see the below menus,<\/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

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  • Change Loan Officer <\/b>– If you want to change the Loan Office you can change it here as previously mentioned<\/span><\/li>\n<\/ul>\n
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    • Disburse – <\/b>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>\nTo update the further payment details click on the <\/span>+<\/span><\/b> beside <\/span>Show Payment Details<\/b> and complete the relevant fields<\/span>\n
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        • Account# – <\/b>Specify the account number of the client<\/span><\/li>\n \t
        • Cheque# – <\/b>Specify the cheque number of the client<\/span><\/li>\n \t
        • Routing Code – <\/b>Specify the routing code for t<\/span>he particular branch (You can get this in the bottom left corner of your cheque)<\/span><\/li>\n \t
        • Type Receipt – <\/b>Specify the receipt type<\/span><\/li>\n \t
        • Bank# – <\/b>Specify the name of the bank<\/span><\/li>\n \t
        • Payment Channel – <\/b>By default it will be none<\/span><\/li>\n \t
        • Disbursed to – <\/b>By default it will be none<\/span><\/li>\n \t
        • Note – <\/b>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
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          \n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Create\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
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          • Disburse to savings – <\/b>You can disburse the amount to the client’s saving account. Refer information canceled,disbursement date and enter the amount you want to disburse, then click <\/span>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
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            <\/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
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            • Undo Approval – <\/b>If you want to undo the loan approval you can do it here by clicking on <\/span>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
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              \n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Create\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\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"featured_media":0,"parent":5681,"menu_order":2,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-7733","docs","type-docs","status-publish","hentry","no-post-thumbnail"],"yoast_head":"\nDisburse Loan - Wiki<\/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\/loans\/disburse-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Disburse Loan - Wiki\" \/>\n<meta property=\"og:description\" content=\"Once the Loan is Approved you can see the below menus, Change Loan Officer – If you want to change the Loan Office you can change it here as previously mentioned Disburse – Here you can disburse the loan amount to your client. 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