How to add a loan account on Core.

Created by Judy Macharia, Modified on Thu, 21 Sep, 2023 at 4:11 PM by Judy Macharia

  1. Login to your account by filling in your username and password.

  2. Search for the member to whom you would like to add a loan account

  3. Click on the blue 'Add' button

  4. Select ' loan account'

  5. Under the loan portfolio, you will have an overview of the member's loan history.

  6. Click on 'next' to move to the member profile section

  7. Ensure the member's profile is 100% complete

  8. Click on 'next' to move to the loan products section

  9. Under loan products, you are able to see the loan products the member qualifies for.

  10. Select the loan product you would like to add

  11. Fill in all the required details pertaining to the loan.

  12. Click on Next 

  13. Bypass or add other sources of income if the 1/3 rule has been violated

  14. Add guarantors by searching for the guarantors on the search bar

  15. Click on 'next' to move to the overview section

  16. Ensure the loan details are well captured

  17. Submit the loan application

  18. You can either 'print the receipt' detailing the application or skip

  19. You have successfully added a loan account!

  20. The loan is now in the 'pending' state and requires to approval.

  21. Kindly review the article, 'how to approve a loan on core' to get an understanding of how to approve the loan.

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