Loan Security

A Loan Security is the actual security that is going to be pledged against a loan.

During a loan process, if the loan for which the customer is applying is a secured loan then some kind of security needs to be pledged against that loan. Loan Security specifies the actual security that is going to be pledged against a Loan.

To access the Loan Security list, go to:

++Home > Loan Management > Loan Security > Loan Security++

| 1. Prerequisites

Before creating and using a Loan Security, it is advised that you create the following first:

• Loan Security Type

| 2. How to Create a Loan Security

1. Go to the Loan Security list, click on New.

2. Select the Loan Security Type.

3. Enter Haircut %.

4. Enter Loan Security Code.

5. Enter current Loan Security Price.

6. Enter Unit of Measurement

7. Click on Save.