Manage loan contract funds
On the Loan contract fund details page, you can do the following:
The Transfer to account button is shown for an available fund only if the loan contract has a servicing account in the Tuum system.
Start fund repayments
To start fund repayments, follow these steps:
On the Loan contract fund details page, click Start repayments.
A confirmation modal opens. Click Yes to confirm or No to discard.
Send to clarification
To send the fund for clarification, follow these steps:
On the Loan contract fund details page, click Send to clarification.
A Send to clarification modal opens. Enter the amount, add a required description, and tick the box if you want to use the original value date, then click Send.
Change repayments block date
To change the repayments block date, follow these steps:
On the Loan contract fund details page, click Change block.
A Fund repayments block confirmation modal opens. Select the repayments block date from the calendar, then click Save.
Transfer funds to the account
This function is available only if the service account is linked to the loan contract.
To transfer funds to the account, follow these steps:
On the Loan contract fund details page, click Transfer to account.
A Fund transfer details modal opens. Enter the amount, add a description if needed, and tick the box to use the original value date, then click Send.
Allocate available funds
If the borrower needs to allocate available funds, follow these steps:
Find the loan contract fund in question by searching with the Blocking type set to
With active repayment block.Click the Fund identifier to view the fund details.
On the Loan contract fund details page, click Change block.
The Fund repayments block modal opens. Select the date in the Repayments blocked until field and delete it, then click Save.
Click Start repayments to fund repayments.
A confirmation modal opens. Click Yes to confirm or No to discard.
Last updated
Was this helpful?