Loan Management Exam

Before you can set up a penalty on a loan, what do you need to configure first?

Where do you get the complete overview of all loan applications?

Where can you find the loan application summary?

What happens to existing loans and applications when a loan product is set to inactive?

What should be done if the “Add New” button is not visible while trying to create a new loan product?

What is the purpose of adding loan stages when creating a new loan product?

What is important to have ready before adding a loan product?

What must be done before changing a loan product takes effect?

What happens to a loan product when it is set to inactive?

What are the steps to add a loan application for a member who cannot access the member app?

Which loan charges can be configured when creating a new loan product?

What happens to the credit policy status after you change a loan product and submit it?

What are the steps to disburse a loan in cash once the loan application is approved?

What happens to the loan status after you reschedule it and submit the changes?

What information do you need to fill in the Collateral section?

Which options are available for selecting a guarantor type?

What information is required to fill in the conditions of the guarantee?

Where can you find the list of board members who must approve the credit policy?

Where do you define the penalties for overdue loans?

Which payment mode should you choose to set up a penalty for overdue loans?

What options are available for setting the penalty value for overdue loans?

What must be done after defining the penalty charge and setting its value?

What are the steps to facilitate full loan repayment before the scheduled due date?

What are the initial steps to view loan reports?

Which report helps track each loan’s repayment status, overdue payments, and overall loan portfolio effectively?

Which report is essential for managing and forecasting cash flow, ensuring timely collections, and identifying potential loan repayment issues?