4.71.01 - Future Payout Date
2024 - 05 - 29
Last updated
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2024 - 05 - 29
Last updated
Was this helpful?
This feature lets you create loans for clients where the payout is scheduled for a future date.
This is ideal for situations where clients visit your branch and want their loan amount automatically deposited on a specific date.
The loan creation process remains the same - you can still generate and authorize the promissory note.
Scheduled Payout Tracking: We've implemented a daily scheduler that monitors these future payout loans.
Aligned Installment Date: The system automatically aligns the first installment date with the chosen payout date.
Automatic Approval on Payout Day: On the scheduled payout date, the loan is automatically set to "Approved" and appears in the "Evaluate Now" section of your active loans.
Improved Visibility: Easily track upcoming loan payouts with the "Evaluate Now" notification.
Make sure the user creating the loan has the necessary Role Right enabled. Please refer to the screenshot below for details on the specific Role Right required for this functionality.
For more information on configuring `Origination Rights` in Mobiloan, select the link below
Within the loan origination workflow, specifically during the "Product Selection" step, you can easily schedule a future payout date for your client's loan. Here's how:
Navigate to the "Product Selection" stage of the loan origination process.
Locate the field labeled "Loan Payout Date" or similar wording.
Simply choose your desired future date from the calendar pop-up or date picker provided.
This will trigger the following automated features:
Scheduled Payout Tracking: Mobiloan incorporates a daily scheduler that monitors these future payout loans.
Aligned Installment Date: The first installment date will be automatically adjusted to align with the chosen payout date.
Automatic Approval on Payout Day: On the scheduled payout date, the loan is automatically set to Approved and appears in the Evaluate Now section of your active loans.
We've introduced a new feature to streamline loan application management. This allows you to configure an automatic expiration period for incomplete loan applications.
Here's how it works:
You can define the number of days after which an unfinished loan application will automatically expire.
Once expired, the application will no longer appear in the "Active Loans" section.
An automated email notification will be sent to the branch informing them of the expired application.
For more information on related configuration expiry settings, select the link below
Payout Future Button> Payout Workflow 
