This option is used to create loan name, which could be selected while adding new loan records. Follow the below steps to create a loan name.
Go to Transactions section >> under Loan Management >> click on Loan Master
Ø Enter the Loan Name and Abbreviation of the loan
Ø Select the loan type from the Map To drop-down list
Ø Enter Applicable Interest Rate and select Is Active
Based on the entered Applicable Interest Rate, system calculates Loan Perquisite.
And click on Save button to see the loan name in the grid list.