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How-to scenarios

Jewel loan from start to close

View as Markdown

Give a new jewel loan, take an interest payment, and close the loan.

Key features

  • Give a loan, take interest, close it
  • One page for the full loan life

Example: Kumar from Coimbatore pledges a 22K gold chain, 10 g.

1. Give the loan

1

Open Loan Create

Go to Jewel Loan → Loan Lifecycle → Loan Create. Pick Kumar in Customer.

2

Enter the chain

Under Jewel items pledged, enter the item, gross, stone and less weight. Purity starts at 91.6. Click Add Item.

3

Fill the terms

Pick the Scheme, Loan series and Tenure. Check Eligible Amount and enter the Loan amount.

4

Disburse

Check Net to customer after deductions, choose the payment mode and click Disburse Loan.

See New loan.

2. Take an interest payment

1

Open Repayments

Go to Jewel Loan → Loan Lifecycle → Repayments and type the loan number in Loan Account.

2

Choose Interest only

Choose Interest only and check the interest due.

3

Receive

Choose the mode (turn on Split across modes for cash + UPI) and click Receive payment.

3. Close the loan

1

Open the loan in Repayments

Type the loan number in Loan Account.

2

Choose Close loan

Choose Close loan. Check Total due (principal + interest).

3

Receive and return the jewel

Click Receive payment. Then hand the chain back to Kumar.

See Repayments.

New loan

Open the New loan page

Repayments

Open the Repayments page