External down payment for loan contract

An external down payment is made outside the system. In this case, the payment is recorded in the system as already completed and the contract does not wait for the payment to be received.

On this page, you can add or edit an external down payment for a loan contract, and activate it. To perform any of these actions, click the corresponding section:

• Add external down payment to a loan contract

• Edit external down payment for a loan contract

• Activate loan contract with external down payment

Add external down payment to a loan contract

To add an external down payment to a loan contract, follow these steps:

1. Start creating the loan contract.

2. For Loan type, select a product with down payment enabled.

3. Enter the down payment amount parameter value.

   • Down payment amount - The value must remain within the minimum and maximum limits defined in the product configuration.

1. Finish creating the loan contract.

2. After creation, the loan contract will be in Draft status, allowing you to edit the down payment amount.

Edit external down payment for a loan contract

You can edit the external down payment amount while the loan contract is in Draft status.

To edit external down payment for a loan contract, follow these steps:

1. Find the draft loan contract in question.

2. From the loan contract's Draft tab, scroll down to Down payment section and click Edit.

1. Update the down payment amount following the same validation rules as contract creation. The down payment rate will be calculated automatically. Click Save to confirm.

Activate loan contract with external down payment

To activate the loan contract with external down payment, follow these steps:

1. Find the draft loan contract in question.

2. Click Confirm draft.

1. The loan contract will be in Active status.