4. Permissions

This step entails configuring Permissions for the Loan Product by specifying the Authorized categories, branches, instalment frequencies, and loan types.

• Authorized categories refer to the types of clients to which the loan product applies.

• Authorized branches specify the branches that are permitted to utilize the product.

• Authorized instalment frequencies determine whether the loan product can be repaid on a monthly, fortnightly, or weekly basis.

• Lastly, authorized loan types define whether the product applies to new clients, dormant clients, repeat clients, or top-up loans.

Step 5: Discount Rules (Optional)