How to reject a loan application on Core.

Created by Judy Macharia, Modified on Mon, 29 Jul at 9:17 AM by Judy Macharia

Go to the loans section of the member
Click on view for the particular loan you would like to reject, it should be in the pending state.
Analyze the loan details
Click on 'next' to move to the member profile
Under the member profile, review the member savings.
Click on 'next' to move to the Income and Security section
If the 1/3 rule has been violated, you can 'bypass' or select the 'extended repayment period' option.
Under Income and security, you will review members' ability to repay their loan and the security details.
Fill in the first date of repayment, type of disbursement, and recommended loan amount
Click on 'next' to move to the summary and review section
Under the summary and review section, you will review a summary of the appraisal.
'Reject' the loan.
Click on 'continue'
Confirm that the loan account is now in the 'rejected' state.