The loan letter outlines the terms and details of the loan agreement. The essence of the loan letter is to provide the loan officer and the customer with a detailed overview of the loan agreement, including the customer's details, principal loan amount, interest rate, installment, repayment schedule, fees or charges associated with the loan, and any other terms that may apply.
It is important to note that the loan letter is exclusively available for loans with an "Active" status, indicating that the loan has been disbursed and is currently awaiting repayment.
To download the loan letter, follow the steps below:
- On the Account > Loan section, select the loan account for which you would like to download a loan letter.
- You will be directed to the loan details page. Click on the Take Action button on the right side of the screen.
- Select Generate Letter on the modal.
- Next, click on the Download button to download the loan letter contained in a PDF format.
Here is a sample of the loan letter.
Updated 9 months ago