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01 Sep Meaning installment loans

Making use of this function it is possible to perform complete or partial disbursements for an installment loan.

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

Make use of the disbursement that is corresponding for loans centered on other item groups.

Integration

Disbursement for Installment Loans is straight from the functions that are following

Workplace for Business Operations

You can make use of this function at work for company Operations.

To find out more, see company Operations.

In Stops Management you can easily set stops for the loan that prevent its disbursement.

To learn more, see avoid.

You will get communication the disbursement.

Prerequisites

Disbursement

You have got produced a minumum of one loan into the Installment Loan (360) item category because of the agreement status.

You earn the next modifying settings for Loans Management:

When you look at the IMG task identify Product kinds, you've got defined the basic properties for the merchandise.

Within the IMG task business Code-Dependent Settings for Product Type, you have got determined perhaps the system includes the disbursement when calculating the interest value day. It is possible to specify the repayment technique the operational system is by using to create to your consumer account.

Into the IMG task establish Condition Groups, under Assign Flow Types to Condition Groups per Application, you'll want assigned one movement kind for disbursement with application subfunction 10 ( Disbursement: Settlement ), while the repayment deal ID 1 ( client account posted ), to your matching condition team.