Manual disbursement

Create manual disbursement

To create a manual disbursement:

  1. Loans > Search > Contracts > find a contract in question.

  2. Click the Contract number to access the contract details.

  3. From the content menu, choose Payouts.

  4. On the Payouts page, click the Create payout button.

The Create payout button is available only when:

  • The loan product has on demand disbursement rule that allows manual disbursement.

  • The loan contract available limit is > 0.

  1. When filling in the Create payout form, ensure that the Payment channel is set to MANUAL.

Also, you can configure the Manual disbursement fees and select one of the following Repayment types:

  • INSTANT,

  • WITH NEXT REPAYMENT,

  • CAPITALIZED,

  • DEDUCTED.

  1. Click Save to initiate the disbursement.

Reverse manual disbursement

You can only reverse payouts originated via MANUAL payment channel.

  1. Loans > Contracts > find a contract in question.

  2. Click the Contract number to access the contract details.

  3. From the content menu, choose Payouts.

  4. On the Payouts page, search for the payout that needs to be reversed.

  1. Click the Identifier to view the details > click the Reverse payout button.

The reverse payout button is available only for the payouts originated with the MANUAL payment channel.

  1. Fill in the Description > Save.

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