Create loan account with variable installments

To create a loan account application for a client, selectthe client by searching the desired client from Global Search. Click the General tab.

1. On the Client page, Click +New Loan on the bright blue action bar.
2. Select the loan product to base the loan account on from the product list.
3. Complete the loan account fields, making any modifications from the default that are permitted and applicable to the loan application.
4. Click Submit.

The loan account application will be created with a status of Pending Approval. Your financial institution will define the workflow and permissions for approving loans.

Note:- You could provide the variable installments at the Loan in pending for approval status. 

Step 1) Go to Existing loan account>>Pending Approval status. 

            Click on More>>Edit repayment schedule