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Jewel loan

New loan

View as Markdown

Menu: Jewel Loan → Loan Lifecycle → Loan Create

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

New Jewel Loan

1

Pick the customer

In Customer, search by name, code or mobile. Click + to add a new customer.

2

Enter the pledged jewels

Under Jewel items pledged, choose the Item type and Item name (Chain, Ring…), Qty, Gross wt, Stone wt and Less wt. Net wt is worked out. Purity % starts at 91.6. Rate / g is filled in, and the Value is shown. Take a photo with the camera button if you like, add remarks, then click Add Item.

3

Fill the loan terms

Disbursement date * (today), Scheme *, Loan series *, Actual No, Tenure (days) * (180 shown) and Purpose (Personal). The Loan No is filled in, for example JL-0001.

4

Check the amount

The screen shows Appraised Value, LTV and Eligible Amount. Enter the Loan amount * within the eligible amount.

5

Check deductions

The Deductions box shows Processing fee, Documentation charges, Appraisal charges, Discount and Round off. Net to customer shows what Kumar gets in hand after deductions.

6

Pay and disburse

Under Payment, turn on Split to pay through more than one mode. Click Disburse Loan.

Saving this form pledges the items, sanctions the loan and pays out the customer in one step.