Loan application
This program allows you to create and/or amend the details of a loan application for a credit union member. Once you have entered all the details required to complete an application, Curtains can produce a printout of the apllication and/or agreement form(s).
User defined options

- Member No = The membership number of the account making the application for a loan.
- Name = The name on the members account. (Automatically entered)
- Loan Date = The date which the loan application was made.
- Product = The account which the loan will be posted to if the application is successful.
- Loan No = A user defined loan reference number.
- Repyment frequency = The frequency which the loan repayments will be expected in order to pay back the loan.
= Payments will be expected on a weekly basis.
= Payments will be expected on a fortnightly basis.
= Payments will be expected on a 4 weekly basis.
= Payments will be expected on a monthly basis.
- Payment protection = Select the type of loan insurance (if any) the member requires to cover their loan.
- Purpose = Enter the purpose for which the loan is required. (optional)
- Principal = Enter the value of the loan which has been applied for.
- + existing borrowing = This will show any outstanding loan balance depending on the product which has been selected. (Automatically entered)
- Total to finance = This will show an overall total which will be due on the selected product. (Automatically entered ("Principal" + "existing borrowing"))
- Number of periods = Enter the number of repayment that will be made to repay the loan.
- Interest rate = Enter the interest rate that will be applied to the loan when interest is calculated on the borrowed amount.
- First repayment date = Enter the date that the first repayment will be due to pay back the loan.
- Repayment amount = This will show the calculated payment needed to pay back the loan. (This will be dependant on "Total to finance", "Repayment frequency" and "Number of periods". )
- Total interest charged = This will show the calculated total of what will be charged in interest over the term of the loan. (Provided that the member pays the expected "repayment amount" on the expected "repayment dates")
- Last payment date = This will show the date of the last loan repayment. (Provided that the member pays the expected "repayment amount" on the expected "repayment dates")
Available shortcuts

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This option allows you to add/view a diary message(s) for the selected members account.
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This option allows you to amend/view the payroll details for the selected members account.
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This option allows you to amend/view the personal details for the selected members account.
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This option allows you to amend/view the work details for the selected members account.
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This option allows you to amend/view the disposable income for the selected members account.
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This option allows you to split the overall principal between multiple account/payees.
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