This program allows you to manually post a loan onto a members account. If a loan application has previously been entered into Curtains, and that members account number is entered, you will be given the option to use the application details. If you select "Yes" to using the application details, all of the fields will be automatically filled in. You should verify this information prior to clicking .
User defined options
Member No. = The membership number of the account which the loan is being posted to.
Name = The name on the members account. (Automatically entered)
Date = The date which the loan is being allocated to the members account.
Loan No = A user defined loan reference number. (Press "F2" to select next available. Loan number count held in credit union maintenance)
Account = The account or product which the new loan will be allocated to. Select "New*_____" to allocate to a new product.
Loan value = The value of the loan being allocated.
Rate = The rate that interest will be charged on the new loan.
Insurance = Select the type of loan insurance (if any) the member requires to cover their loan.
Payment Type = Select from the list how the money will be paid to the member.
Repayments no. = Enter the number of payments that will be made to repay the loan.
Frequency = Enter the frequency that repayments will be expected in order to pay back the loan.
Value = This will show the calculated payment needed to pay back the loan. (This is based on the "Total borrowing" (new loan plus existing loan), "repayment frequency" and "number of payments")
Date = Enter the date of when the first repayment is due to pay back the loan.
Auto repay = Select this option ( ) to signify the loan will be repaid from shares. (See auto loan repayments)
Narrative = A user defined narrative.
Purpose = Select from the list, the purpose of the money being borrowed.
Security = Enter what physical security (if any) the loan has been secured against.
Available shortcuts
Use this option to set some of the key fields with a user defined setting.
Use this option to produce a printout of the selected loan documentation.
Use this option to printout a statement for the member you are currently processing a loan for.
Use this option to view a summary of the postings that have been made so far.
Use this option to select the bank account which the money will be paid into if the payment method is BACS.