Manage a loan

The Akkuro platform supports the creation and maintenance of loans. There are several actions that can be performed on a loan.

Throughout the lifetime of a loan, a number of situations could occur that will require an update to the loan properties. For example, a borrower might miss a payment and the loan goes into default; or the bank and borrower will renegotiate the interest rate properties of the loan. Akkuro makes it easy for you to change the loan details as needed.

The actions that can be taken on an existing loan includes:

• Change payment plan
• Change interest
• Add costs
• Register Payment
• Change default status
• Write Off
• Loan disbursement

Each of these actions are described in further detail in the respective section.