Farmer Loan
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Steps to create Farmer Loan
Step 1: Go to farmer loan list and click on "Add Farmer Loan"
Step 2:
Applicant ID: Enter applicant id or farmer id from loan application
Application: Select the loan application from dropdown
Applicant Name: Applicant name will auto fetch from applicant data
Applicant Type: Applicant Type will auto fetch from applicant data
Address: Address of farmer auto fetch from applicant data
Mobile No: Mobile of farmer No auto fetch from applicant data
Company: Company will auto select as per loan application
Branch: Branch will auto select as per loan application
Season: Season will auto select as per loan application
Status: Status will auto select as per loan application
Posting Date: Posting date will auto select as per current date
Cheque/Reference No: Enter the cheque number
Cheque/Reference Date: Enter the date of cheque
Account Paid From: Select the account for payment
Account Paid To: Select the account type for payment
Account interest Paid To: Select the account for interest payment
Supplier: Enter the supplier
Supplier Name: Supplier name will auto fetch from supplier code
Step 3: Loan Details
Farmer Loan Type: Farmer loan type will auto fetch with applicant id
Loan Amount: Loan Amount will auto fetch with applicant id
Rate of Interest (%) Yearly: Rate of Interest (%) Yearly will auto fetch with applicant id
Period For Repayment(In Year): Farmer loan type will auto fetch with applicant id
Step 4: Installment Table
Season: Installment season will auto fetch from number of installment e.g. if number of installments are 2 then season will be 2023-24 and 2024-25.
Installment: Installment amount will auto fetch from loan type
Rate of Interest: Rate of interest will auto fetch from loan type
Step 5: Payment ID
After submitting the farmer loan auto Journal Entry will updated in system