Configure a loan type

Profit distinguishes between different loan types. The loan type contains preferred settings regarding the dossier items and the interest advantage. In addition, each loan type is linked to a specific group of wage components.

The Other loan loan type is an additional type that you can use to suit your own preferences.

The Converted loan loan type only applies to loans that have been converted from Profit 2008. You cannot view or change this loan type.

To configure a loan type:

1. Go to: HR / Organisation / Configuration / Type loan.

   Profit shows the pre-defined loan types. You cannot delete or add loan types.

2. Open the loan type.
3. Change the description to a description that is more suitable for the organisation.
4. Select the Calculate additional interest check box if you want Profit to carry this out by default for loans of this type. This is a preferred setting that you can change per loan.
5. Select the Generate document for new loan check box, if you want Profit to launch the wizard for a new dossier item, after adding a loan. This allows you to immediately print a loan agreement and register it as a dossier item.
6. Click on: OK.

See also

• Loan