Loan Top-Up Fixes & Enhancements

We have resolved several issues in the Loan Top-Up module to improve accuracy, control, and user experience during the top-up process.

✅ Key Fixes & Enhancements:

• 💰 Charges Now Apply Correctly:
  Loan Product charges are now automatically applied to the newly created application (top-up amount), ensuring accurate charge computation during top-ups.
• 🧾 Full Control Over Charges:
  It is now possible to add or delete adhoc charges on all loan application types, offering greater flexibility when managing application costs.
• 🔒 Approval Restricted for Unpaid Charges:
  Admins can no longer approve a loan application if any added charges remain unpaid, ensuring proper compliance and financial consistency.
• 💳 Admin Payment Capability:
  Admin users now have the ability to settle loan application charges on the topped up loans, helping to streamline internal processes and avoid delays.

Steps on how to do a loan top-up

1. On the left-hand side, navigate to Accounts then select Loans. Choose the specific loan you want to top up. On the right-hand side, click the three dots, then select Loan Top-Up.

2. Fill in the required information and click submit.

3. The loan will require approval and disbursement. All the charges from the initial loan will also apply to the topped-up loan.
Loan Product charges are now automatically applied to the newly created application (top-up amount)

Impact:
These updates ensure a more robust loan top-up process, enhancing financial accuracy, improving workflow control, and reducing approval errors. They will automatically validate the amount.