Loan Setup

Account Setup

General. The Account Setup area of a loan contains the inputs and functions that let you define what the loan is, including things like length of the loan, payment schedule, interest rate, etc. There…

Updated 1 week ago by Cole

Activate Loan Vs. Active Status Loan

General. Due to the complexity of the LoanPro system, there may be similar terminology that is applied to very different concepts. One particular circumstance that may cause confusion is the differen…

Updated 3 months ago by Cole

Activated Loans

General. In LoanPro, loans have both an activated and a non-activated state. When you first create a loan, by default it isn’t activated. This means that the loan numbers aren’t being updated daily,…

Updated 6 months ago by Cole

Advanced Configuration

General. The Advanced Configuration section of the Setup Terms tab inside of each loan lets you select important settings for your loan. These settings control things like interest accrual, accountin…

Updated 3 months ago by Sloan

Loan Terms

General. Entering the terms of a loan is very important. LoanPro has a lot of features that can make this job easier, but it’s very important to enter the terms of any loan correctly. This article wi…

Updated 5 months ago by Cole

Pre-Configured Loans

General. For some companies, each loan given is pretty much the same, or there is a small number of loan scenarios that the company offers. For these circumstances, LoanPro gives you the ability to c…

Updated 3 months ago by Cole

Quick Quote

General. You may want to be able to run a loan calculation without creating a permanent loan account. The Quick Quote tool was designed create a temporary loan so you can see loan numbers and other l…