Improved Overdue Loan Detection.

ByDruscylla Nambi

We are excited to introduce a new feature in our system. The Improved overdue loan detection is a feature that will allow loans to be be flagged as “Overdue” based on specific provisioning rules rather than relying solely on late payment charges. This enhancement will ensure more accurate classification of overdue loans, leading to better credit risk management and enabling financial institutions to make informed decisions with confidence.

To see the status of an overdue loan, Follow the steps below:

  1. Log into your Wakandi Account.
  2. Navigate the side panel and go to Accounts.
  3. Select Loans and here you will be able to view all loans.
  4. The overdue loan is seen in Red under Status of the Loan as shown in the screenshot below;

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