Meaning installment loans

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Meaning installment loans

Making use of this function you can easily execute complete or partial disbursements for an installment loan.

Make use of this function for loans which are in line with the item category Installment Loans (360).

Utilize the disbursement that is corresponding for loans centered on other item groups.

Integration

Disbursement for Installment Loans is straight for this functions that are following

Workplace for Company Operations

You should use this function at work for company Operations.

To find out more, see company Operations.

In Stops administration you can easily set stops for a financial loan that prevent its disbursement.

To learn more, see avoid.

You will generate communication for the disbursement.

Prerequisites

Disbursement

You’ve got created one or more loan into the Installment Loan (360) product category using the agreement status.

You earn the next modifying settings for Loans Management:

Within the IMG task identify Product kinds, you have got defined the properties that are general the item.

Into the IMG task business Code-Dependent Settings for Product Type, you have got determined perhaps the system includes the disbursement time whenever determining the attention value. You can even specify the repayment method the operational system is to try using to publish into the client account.

When you look at the IMG task describe Condition Groups, under Assign Flow kinds to Condition Groups per Application, you must have assigned an individual movement kind for disbursement with application subfunction 10 ( Disbursement: Settlement ), therefore the repayment transaction ID 1 ( client account posted ), towards the matching condition team.