Loan Type

Overview

This entity stores the distinct type of Loans.

Navigation

General Ledger ► Sub Ledgers ► Loan/Advance Register ► Loan Type

Loan Type Screen Fields

Fields

Description

Code

Unique identifier.

Active

Indicates if the loan type is “active” for registry of cases True = Active, False = Inactive.

Is Default Loan Type?

Indicates if the case type is the default type when creating a new instrument type entry.

Number Of Repayments

The total number of repayments for the actual type of loan

Deduction

Related deduction code for those employees on the payroll.

Calculation Method

Equal instalment  (Default)

Language

Country specific language

Name

Abbreviation of the loan type name.

Description

Full description of the loan type.

Principal Account

System will list the sub-ledgers with status Active = True and of type = 'Loan Register'.

Interest Account

System will list the sub-ledgers with status Active = True and of type = 'Loan Register'.

Others Account

System will list the sub-ledgers with status Active = True and of type = 'Loan Register'.