Apply For A Loan

Video Tutorial:

The loan function allows users to apply and review for loans. The loan is much similar to applying for credit that the users can use up to the approved loan limit before the system suspends generating the shipping labels (If there is no available additional funding in the system).

This function serves as a secondary funding source, and its availability is depending on the approval by the proper authority (Please talk to your Admin for detail).

Functions Under the Loan Function Page:

• Review Available Loan Amount and Loan History
  • Available Balance and Loan Amount
  • Loan Status Tab Explanation
• Request Loan
• Pay Now
• Review of Loan Status
  • Loan Status
• Review the Loan Details
• Search Loan Requests
• Apply Filters 
  • Request Time
  • Request Amount
  • Loan Amount 
• Export

Review Available Loan Amount and Loan History

Search Path: Credit Card Icon -  Loan

Click the "Credit Card" icon

Under the "Loan" main page, we can see the available amount on the top left corner, review the transaction history/loan requests in the center of the page loan by clicking the status tab

Notes:

Available Balance and Loan Amount

• Once a loan is approved, the loan amount and available balance will both be increased by the requested loan amount.
  • Example:

    • Current Available Balance	$1,000
      Current Loan Amount	$0
      Apply for Loan	$1,000
      Available Balance After Approval	$2,000
      Loan Amount After Approval	$1000

• Currently, the loan can only be paid by the "Available Balance"

Loan Status Tab Explanation

• All - All Status
• Pending - Audited loan requests
• Open - Approved loan requests
• Paid - Approved loan requests and the loan amount are paid
• Denied - Denied loan requests 

Request for Loan

Search Path: Credit Card icon - Loan - Request Loan

Click "Request Loan" to request loans.

Fill in "Rate Amount",  select "Maturity Date", and click "Submit"

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Pay Now

Search Path: Credit Card Icon- Loan - Pay Now

To pay the loan,  click "Pay Now" under the category "Action"

Review the current and remaining balance and click "Pay Now" to complete the transaction

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Loan Status Review

Search Path: Credit Card Icon - Loan - Status

The requested loan will be shown on the loan main page where we can review the loans that are applied (Please see the below notes)

Notes:

When there is any new audited request, the status will have a red dot next to it

We can review the loan status under the category: "Status" (Please see below Notes)

Notes:

Loan Status

• Pending
  • The loan has been requested by a client, and it is waiting for Admin's approval
• Open
  • The loan has been approved by an Admin, and the requested loan amount is available
• Adjusted 
  • The loan amount has been adjusted by an administrator
• Paid
  • The Loan has been paid in full before its due date
• Past Due
  • The loan has not been paid in full before its due date, and the system has deducted the loan amount from the available balance automatically
• Denied
  • The loan has been denied by an Admin.

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Review the Loan details

Search Path: Credit Card Icon - Loan - Order number 

Click the order number 

Review the Loan details

Click "Log" to review the log history for this request 

Click the "Receipt" icon to review the memo

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Search Loan Requests

Search Path: Credit Card Icon - Loan - [Search Field]

Input the order number in the search field 

Review the searched result

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Apply Filters 

Search Path: Credit Card Icon - Loan - Filters

Apply "Filter" to minimize the search

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Export 

Search Path: Credit Card Icon - Loan - Export

Click "Export" icon

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