How to add a loan account on Core.

Created by Judy Macharia, Modified on Wed, 5 Nov at 3:43 PM by Wilfrida Okuku

Login to your account by filling in your username and password.
Search for the member to whom you would like to add a loan account
Click on the blue 'Add' button
Select ' loan account'
Under the loan portfolio, you will have an overview of the member's loan history.
Click on 'next' to move to the member profile section
Ensure the member's profile is 100% complete
Click on 'next' to move to the loan products section
Under loan products, you are able to see the loan products the member qualifies for.
Select the loan product you would like to add
Fill in all the required * details (Principal, loan duration, submitted date, disbursed date, interest charged from & First Date of Repayment) the loan.
SASRA Classification- select the one that applies.
Refinancing - Add notes and click next.
Loan Charges- Add or remove the fees
Preview the loan schedule
Security- Add guarantors by searching their names or collaterals of the loans
Ensure the loan details are well captured
Submit the loan application
You can either 'print the receipt' detailing the application or skip
You have successfully added a loan account!
The loan is now in the 'pending' state and requires to approval.
Kindly review the article, 'how to approve a loan on core' to get an understanding of how to approve the loan.