Internal down payment for loan contract

An internal down payment is a payment received within the system as part of the loan contract process, similar to a regular loan repayment.

On this page, you can add or edit an internal down payment for a loan contract, as well as activate or cancel a loan contract that includes an internal down payment. To perform any of these actions, click the corresponding section:

• Add internal down payment to a loan contract

• Edit internal down payment for a loan contract

• Activate loan contract with internal down payment

• Cancel loan contract with internal down payment

Add internal down payment to a loan contract

To add an internal 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. Both down payment parameters are automatically set:

   • Down payment amount - Pre-filled based on the default loan product rate. You can modify it, and the down payment rate is recalculated automatically. The resulting rate must remain within the minimum and maximum limits defined in the product configuration.

   • Down payment rate - Pre-filled with the loan product default rate. You can modify it, and the down payment amount is recalculated automatically. The updated rate must remain within the minimum and maximum limits defined in the product configuration.

If both parameters are left blank, an error will occur.

1. The down payment rate includes a tooltip that displays the acceptable input range.

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 internal down payment for a loan contract

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

To edit the internal 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. If either the down payment or the contract amount changes, the down payment rate will be calculated automatically.

1. The down payment rate includes a tooltip that displays the acceptable input range.

1. Click Save to confirm.

Activate loan contract with internal down payment

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

1. Find the draft loan contract in question.

2. Click Confirm draft.

1. After confirmation, the next status depends on Contract review required setting (see Origination process):

   • If it is set to Yes, the contract moves to Waiting for activation status (steps 4–5).

   • If it is set to No, the contract moves directly to Waiting for down payment status (step 6).

2. The loan contract will be in Waiting for activation status.

3. Click Accept contract.

1. The loan contract will be in Waiting for down payment status until required amount is received.

1. Once the required amount is received, the loan contract will be in Active status.

Cancel loan contract with internal down payment

You can cancel a loan contract while it is in Draft or Waiting for down payment status. If the contract is in Draft status, click Cancel contract and confirm. For Waiting for down payment status, use the steps below.

• If no funds have been received, the loan contract can be cancelled directly.

• If the borrower has already sent partial funds, cancellation will be blocked by the system. Any registered cash must be manually reversed or returned before the loan contract status can be changed to Canceled.

To cancel a loan contract that is in Waiting for down payment status, follow these steps:

1. Find the loan contract you want to cancel.

2. On the Loan contract page, click Cancel contract.

1. The Cancel contract modal opens.

2. Enter the required cancellation reason, add a comment if necessary, then click Cancel.