October 31, 2018
“Odoo Loan management – Advanced” module is blend of all important functionalities like manage different types of loan, different calculation modes, issued loans, loans with installment repayments with accounting entry, annuity repayment, possibilities for entering special repayments and many more options with it. Following are the key features of improved loan management module developed by Pragmatic.
User can define loan periods i.e. 3 Months, 6 Months, 1 Yr , 2 Yr ….. etc as per company’s requirement. This corresponds to loan tenure in months.
This master allows user to list down different document names that can be accepted by the company as a proofs of identity irrespective of loan types. These documents will be linked to loan types to define mandatory / Non mandatory documents.
Collateral Types master will list out all the collateral’s accepted by the company (irrespective of loan type) against loan application
This module offers flexibility to define loan fees components with sequence of repayment and grace period to be applied for each of the loan component. Sequence shall define what is to be reconciled first from the given loan components at the time of repayment.
This module allows flexibility to generate re-payment schedule based on either Sanctions amount or Disbursed amount.
User can allow applicant to pay on Monthly, Quarterly, half Yearly and Yearly basis. According to the re-payment frequency payment schedule shall change.
Many a times applicant does not need full loan amount at a time. In case of home loans disbursements are made in tranches with small amount. This module helps to disburse loan amount in tranches with a validation that disburse amount should not be more than sanctioned amount.
Loan installment details will give details of Principal, Interest and Fees amount against actual EMI, due EMI and outstanding EMI respectively.
In this tab user can list out all the collateral documents against each loan application