Customer Loan
Customer Loan turns TamilAccounting into a lending book. It issues loans to customers with guarantors and documents, schedules their dues, collects repayments, charges penalties on arrears, and runs the deposit side — fixed and recurring deposits with maturity, interest and pre-mature withdrawal.
The two sides
| Lending | Deposits | |
|---|---|---|
| Money moves | Out to the customer, back in repayments. | In from the customer, back at maturity. |
| You earn | Interest, processing fees, penalties. | Nothing — you pay interest. |
| Screens | Loans · Disbursement · Collection · Penalties | Deposits |
The lending cycle
| Step | Screen | What happens |
|---|---|---|
| 1. Create | New Loan | Capital, rate, term and dues are set. Guarantors and documents attach. |
| 2. Pay out | Disbursement | Money goes to the customer, less any processing fee. |
| 3. Collect | Collection | Dues are received and allocated. |
| 4. Chase | Penalties | Arrears accrue penalty at the configured rate. |
| 5. Close | Loans | Settled, pre-closed early, or restructured. |
A loan is only as good as its guarantors and documents. Both are recorded against the loan for a reason — a mandatory document missing at disbursement is far easier to obtain then than after the money has gone out.
Set up first
- Settings — the ledger accounts, fees and reference formats
- Interest Rates · Commission Rates
- Due Types · Payment Terms
- Document Types — what a borrower must supply
Where to go next
- Overview — the book at a glance
- Settings — start here on a new installation
- Customer Loans tab — one customer's borrowing
In this section · 14 articles
Customer Loan Overview
The Customer Loan Overview is the lending book at a glance — active loans...
Loans
Loans is the register of every loan you have issued — capital, rate, dues,...
Disbursement
Disbursement pays a loan out to the customer. It is the point where an...
Collection
Collection receives repayments against loan dues. Each receipt is allocated across capital, interest and...
Penalties
Penalties tracks charges on overdue loan dues. Penalty accrues at a monthly rate on...
Deposits
Deposits is the other side of the book — money customers place with you...
New Loan
New Loan issues a loan to a customer. It sets the capital, the interest...
New Deposit
New Deposit takes money in from a customer as a fixed or recurring deposit....
Loan Settings
Loan Settings configures the whole lending and deposit operation — which ledger accounts everything...
Interest Rates
Interest Rates defines the rates you lend and take deposits at. Each rate is...
Commission Rates
Commission Rates defines what agents or introducers earn on loans they bring in. The...
Due Types
Due Types define how often a loan is repaid — monthly, fortnightly, weekly, or...
Payment Terms
Payment Terms define the conditions a loan is repaid under — how long the...
Document Types
Document Types define what paperwork a loan requires — identity, income proof, collateral papers,...