General Affordability Parameters
Category Setup - Affordability Limitations
Last updated
Category Setup - Affordability Limitations
Last updated
These are the General Affordability Parameters with respect to the current category configuration.
This is the minimum percentage of expenses divided by income that the company will allow before considering lending to a client.
If the minimum expense to income ratio required by a company is 40% , and the clients expenses are R 6 000 having a combined income R 20 000, albeit that their affordability yields a surplus of R 14 000, the loan will be blocked as the clients overall expense to income ratio is only 30%.
This setting determines how long a client's affordability would be valid for. This is normally linked to the Payment Cycle so if a client gets paid every 30 days then it stands to reason that their affordability should be valid for 30 days.
Restrict the visibility of affordability to other users. The options include:
Any User - Meaning the client's affordability can be viewed by all users.
Branch User - Meaning the client's affordability can be viewed by all users within the same branch.
Branch Loan Evaluators Only - Meaning the client's affordability can only be viewed by the branch originators with evaluation rights.
