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Jewel loan

Top-up

View as Markdown

Menu: Jewel Loan → Loan Lifecycle → Top-up

Example: Gold rate has gone up since Kumar took his loan. His chain is now worth more, so you can give him extra money on the same loan.

Jewel Loan Top-up

1

Find the loan

Type the loan number in Loan Account.

2

Re-appraise at today's gold rate

Enter the New appraised value of the pledged jewels at today’s rate. The screen shows Prior appraised value, Re-appraised value and Eligible top-up.

3

Enter the top-up details

Top-up amount (up to the eligible amount), Processing fee (taken from the payout) and Top-up date. Under Interest on top-up amount, choose Charge Interest or Interest-free. With Charge Interest, the top-up amount earns interest from the top-up date at the loan’s rate.

4

Pay the customer

Under Pay out to customer, turn on Split across modes if needed. Click Confirm Top-up.

Net payable to customer = Top-up amount − Processing fee.