Introduction
Loan Types refer to the various categories or classifications of loans based on their specific characteristics, purpose, or terms. Some common loan types include personal loans, business loans, mortgage loans, auto loans, student loans, and more. Each loan type may have distinct features, eligibility criteria, interest rates, and repayment terms.
BizGaze’s “Loan Types App” designed to assist businesses in managing and organizing different loan types within their operations contributing to efficient loan management and supporting business growth.
Stage Workflow
| Stage name | Description |
| Active | The loan type is created but not yet approved |
| InActive | The loan type created is approved and in use |
| Deleted | The loan type is deleted or closed |
Details
This widget contains the details of the Loan type
| Field name | Description |
| Loan Type Name | Displays loan type name. Loan Types refer to the category of loans based on their specific characteristics, purpose, or terms, like personal loans, business loans, mortgage loans, auto loans and etc. |
| Eligible Year | Eligible year of the loan is displayed |
| Perquisite Rate | Perquisite rate assigned for the Loan type is displayed. Also known as Interest Rate or Per annum Interest Rate, is the percentage charged by the lender on the outstanding loan amount. |
| Created By | User’s name who created loan type is displayed |