Loan Top-Up with Adjustable Outstanding Amount

The loan top-up process provides a streamlined workflow with the flexibility to manage additional amounts and adjust the outstanding loan balance.

Steps for Applying a Loan Top-Up:

1. Log in to the Wakandi Admin Panel:
   • Navigate to the Clients section.
2. Select the Client:
   • Identify and click on the client for whom you want to apply a loan top-up.
3. Access the Loans Section:
   • On the client page, go to the Loans tab in the top navigation bar.
4. Choose the Loan:
   • Scroll down and select the specific loan you want to top up.
5. Initiate the Loan Top-Up:
   • On the top-right corner, click the Loan Top-Up button.
6. Fill in the Required Details:
   • Enter the Additional Amount for the top-up.
   • If the Additional Amount exceeds the Pending Principal, you can use the new feature, Adjust Existing Loan Outstanding Amount:
     • Without Adjustment: The disbursed amount will equal the entered Additional Amount.
     • With Adjustment: Selecting the checkbox will deduct the pending principal from the additional amount. The remaining balance will be disbursed.

Example:

• Pending Principal: 267,500
• Additional Amount: 350,000
• Without Adjustment: The disbursed amount will be 350,000.
• With Adjustment: After deducting the pending principal (267,500), the remaining amount (82,500) will be disbursed.