Farmer Loan Type

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Home > Sugar Mill > Farmer Loan

Steps to create Farmer Loan Type

Step 1: Go to Farmer Loan Type list and click on "Add Farmer Laon"


Step 2:

  • Loan Name: Enter the name of loan type

  • Maximum Loan Amount: Enter the maximum amount for loan type

  • Loan Amount for Acres: Enter the loan amount per acres

  • Rate Of Interest (%) Yearly: Enter the interest in % format for loan

  • Period for Repayment (In Year): Enter the number of installments

  • Branch: Enter branch name

  • Description: Enter any other information in description box



Step 3: Account Details

  • Mode of Payment: Enter the mode of payment for loan

  • Account Paid To: Select the account name for loan payment

  • Account Interest Paid To: Select the account name for interest payment

  • Account Interest Credit: Select the account name for Interest credit payment


Step 4: Click on "Save"

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