Member enquiry - Revolving credit application/withdrawal

Before you can create an application for a revolving credit account you must first setup the revolving credit rates within revolving credit rates maintenance. The rates setup within this program will determine what the members credit limit will be.

When a member applies to have a revolving credit account, they will be taken into the loan application screen. You will notice the fields required to create an application are different to that of a normal loan account. (as displayed below)

Only once an application for revolving credit has been authorised, can the member apply for a withdrawal. First click the button and enter the details of the withdrawal amount and how it is to be disbursed and click the button.