Add Loans

You can find the Add Loans function under the Borrower Services tab. Generally loans are added to borrower accounts via the Inbound/Process Loan Records function. Under some circumstances, however, you may need to manually add one or more loans to a borrower's account using the Add Loans function.

When you click on the Add Loans function, a list of all the loan types in your system is displayed. Select the loan type on which the new loan will be based by clicking on the Add Loan link. When you click on the Add Loan link, a data entry window is opened for you to input the new loan information. Enter the data for your loan using the guidelines in the table below.

NOTE: The information in the lower portion of the data entry window is read-only and is based on the settings of the selected loan type.

If you need to erase what you have entered, click on the Reset icon. This will reset the screen to blank. When you complete your entry, click on the Save icon to save the loan information. The borrower’s Loan screen will be updated to reflect the newly-added loan.

To exit this process without adding the new loan, simply close the data entry window.

Field Name	Required?	Size/Format	What to Enter
Amount Disbursed	Required	8 decimal characters	This field must have a value greater than zero. It’s format is “nnnnn.nn”
Date of Loan	Required	10 characters; alphanumeric	Format must be mmddyyyy.
Completed Date	Optional	10 characters	Format must be mmddyyyy.
From Printed Date	Optional	10 characters	Format must be mmddyyyy.
Note Mailed Date	Optional	10 characters	Format must be mmddyyyy.
Enrollment Begins Date	Required	10 characters; alphanumeric	Format must be mmddyyyy.
Enrollment Ends Date	Required	10 characters; alphanumeric	Format must be mmddyyyy.
Disbursement Frequency	Optional	Select value from drop-down list.	Select how often this loan will be disbursed.
Select Campus	Optional	Select value from drop-down list.	Select the campus with which this loan is associated.
Bank Account	Required	Select value from drop-down list.	Choose the bank account to which this loan is assigned.
Annual % Rate	Optional	6 characters; alphanumeric	Enter the annual percentage rate that applies to this loan.