Loan contract

The loan contract is the definitive agreement between the lender and the borrower, outlining all applicable terms. During the loan period, these terms are managed by activating or deactivating different contract versions as needed.

The first contract version

Creating and activating the first loan contract version is the final step in the origination process, triggering loan disbursement per the contract terms.

The initial contract version may include temporary terms favourable to the borrower stemming from the loan campaign.

Subsequent contract versions

It may be necessary to amend previously agreed loan terms. For example, this could involve increasing the loan amount, extending the loan maturity date, arranging a payment holiday, or making other similar changes.

To modify an active loan contract, create a new draft version containing the revised terms. Once the new version is activated, the updated terms take effect and the previous terms become invalid.

A loan contract may have multiple draft versions, but only one active version can exist at any time.

Contract management details

This chapter provides a comprehensive overview of the key aspects involved in managing loan contracts throughout their entire lifecycle.

Loan contract page

Loan contract general management

Loan contract term management