Akcelerant Lending Guide
Loan Product Definition

Loan Product definitions allows administrators to maintain the Loan Categories, Products and Sub-Products available at their institution. The  Loan Product Definition page can be accessed from System Management > Lending > Loan Product Definition and provides administrators with the ability to configure the classifications, settings and defaults of all loan sub-products.

The Loan Products Definition page contains the following tabs:

Tab Name Description
Sub-Products

The Sub-Products tab displays a list of all loan sub-products organized by the associated category. Within each category, sub-products are arranged according to their assigned product type. From this tab, administrators are able to create and maintain the list of sub-products available at an institution. 

Before configuring a Sub-Product, Categories must be created first followed by Products.
Products

The Products tab displays a list of all loan product types offered by an institution. From this tab, administrators are able to create and maintain the list of product types offered by an institution.

Categories The Categories tab displays a list of all loan types offered by an institution.

 

 


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