4.41 Simulating Loans
You can simulate loans to answer customer queries especially for new loans. The payment schedules of any type of loan products can be generated while negotiating with clients during the pre-sale stage.
Loan simulation functions exactly the same way as a regular loan input. All warnings and overrides associated with an actual contract save, comes in this simulation screen.
You can perform the following operations in Loan - Contract Simulation screen.
- Simulation - Simulate a loan and also loan advice generated based on simulated data.
- View Advice - You can view the generated advices.
- Create Active contract - Create a loan directly based on the simulated data.
- Create Inactive contract - Create an inactive loan based on the simulated data.
Note:
In addition to simulating active and inactive contracts using the simulation screen, a contract can also be simulated without getting into the active/inactive state.