Future Loan Payouts
The Future Loan feature allows you to schedule loan payouts for a future date during loan origination. Instead of disbursing funds immediately after approval, a payout date can be set in advance.
This is particularly useful when clients request that funds be released on a specific upcoming date (for example, on their payday).
Once the scheduled future payout date is reached, the system automatically moves the loan forward in the workflow and triggers the required processes. At this point, a user will be required to step through the evaluation process again, which may include re-running a
check, approving the loan, or declining it if necessary.
Scheduled Payout Tracking
A daily scheduler monitors loans with future payout dates to ensure they are captured and processed on the correct day.
Aligned Installment Dates
The first installment date is automatically adjusted to align with the selected future payout date.
Automatic Approval Trigger
On the scheduled payout date, the loan is moved into an Approved / Evaluate Now state, allowing users to continue processing the loan.
Improved Visibility
Future payout loans can be tracked through system notifications and the Evaluate Now workflow, providing visibility into upcoming payouts.
Enabling the Feature
To use future payout scheduling, the user creating the loan must have the appropriate Origination Role Right enabled in their role configuration.
This permission is configured in the User Role Settings (refer to the relevant role-rights setup screen as shown in the system screenshot).
Adding a Future Payout Date
During the loan origination process:
Navigate to the Product Selection step.
Locate the field labeled Loan Payout Date (or similar).
Select a future date using the date picker or calendar control.
The selected date is used by the system scheduler to determine when the loan should move forward for payout and to align the installment schedule accordingly.
Future Loan Actions
Future payout loans are displayed separately within the Active Loans screen under a dedicated section, such as:
Schedule Payout Now - These refer to future loans that have been captured in series and allows a user to payout a loan from the future series now
Payout Not Due - This section contains loans that are not yet due for payout.
Evaluate Now - Loans here can contain thos eloans that are scheduled for payout today and require a re-evaluation on the date they are scheduled for payout.
This allows users to clearly distinguish between immediate payout loans and those scheduled for a future date within the origination menu
If a future loan is not paid out within the configured expiry period (for example, 4 days after the scheduled payout date):
The system will automatically cancel the loan
Any associated debit orders will also be cancelled
This ensures that stale or unattended future payout loans do not remain active indefinitely.
Future Loan Series
Users may sometimes observe that multiple future loans appear to become approved at the same time, particularly when the payout date of the active loan is reached.
Future loans are not created or approved individually based on payout dates.
Instead:
All loans in a future-loan series are created upfront when the series is initially generated.
These loans remain in a pending state (Schedule Payout Now) until certain system actions occur.
The payout date itself does not create or approve additional loans.
When a re-evaluation is performed on the active loan in a future-loan series:
The system automatically re-evaluates the entire series
All future loans in that series may be updated and approved together
This can make it appear as though several loans were approved simultaneously
If users notice an apparent increase in the number of future loans:
These loans were already part of the original future-loan series
They may not have been surfaced or visible in the same way prior to approval
Once the series is approved, all loans become visible in an approved state, giving the impression that new loans were added
Last updated
Was this helpful?