# How to provide variable installments

### **Create loan account with variable installments**

To create a loan account application for a client, select the client by searching the desired client from [Global Search](https://docs.mifos.org/mifosx/user-manual/for-all-users/untitled/global-search). Click the **General** tab.

1. On the Client page, Click **+New Loan** on the bright blue action bar.
2. Select the loan product to base the loan account on from the product list.
3. Complete the[ loan account fields](https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/loan-accounts/how-to-create-a-loan-account-application/loan-account-fields), making any modifications from the default that are permitted and applicable to the loan application.
4. Click **Submit**.

The loan account application will be created with a status of Pending Approval. Your financial institution will define the workflow and permissions for approving loans.

Note:- You could provide the variable installments at the Loan in pending for approval status. 

**Step 1)** Go to Existing loan account>>Pending Approval status. 

            Click on More>>Edit repayment schedule 

![](https://mifosforge.jira.com/wiki/download/thumbnails/111673401/Screenshot%20from%202019-06-27%2019-41-59.png?version=1\&modificationDate=1561661107428\&cacheVersion=1\&api=v2\&width=850)

**Step 2 - i)** 

           a) Showing repayment schedule 

![](https://mifosforge.jira.com/wiki/download/thumbnails/111673401/33.png?version=1\&modificationDate=1452757455250\&cacheVersion=1\&api=v2\&width=600)

b) An example in the screen shot below:

![](https://mifosforge.jira.com/wiki/download/thumbnails/111673401/35.png?version=1\&modificationDate=1452759051236\&cacheVersion=1\&api=v2\&width=600)

           1 - Changed date to 10th, February from 1st, February.

            2 - Changed amount to 600 from 1094.

            3 - Changed amount to 500 from 1094.

            4 & 5 - Created new installment by using + button prior to this installment.

            6 - "x" use this button to remove installment. 

            7 - Click on Reset button to reset values to normal installment schedule. 

            8 - Click on Validate button to validate updated details. 

            Then click on Validate and submit button.  

**Step 2 -ii) Using pattern** 

                **a)** Creating pattern, Click on **Pattern** button

![](https://mifosforge.jira.com/wiki/download/thumbnails/111673401/36.png?version=1\&modificationDate=1452759850946\&cacheVersion=1\&api=v2\&width=426)

              1 - From date - Provide from date. In this example: 1st February. 

              2 - To date - Provide to date. In this example: 1st July.

              3 - Increase month by - Provide increase by month. In this example: None.

              4 - Day of the Month - Provide day of the month. In this example: 5th 

              5 - Installment amount -  Provide installment amount. In this example: 1000

              6 - Confirm - Click on **confirm** button. 

          b) Viewing created pattern, a screenshot below showing a created pattern and schedule. 

![](https://mifosforge.jira.com/wiki/download/thumbnails/111673401/37.png?version=1\&modificationDate=1452759936376\&cacheVersion=1\&api=v2\&width=600)

Then click on submit and complete the loan process.

{% hint style="warning" %}
Key Error Messages

validation.msg.loan.variable.schedule.amount.update.not.allowed.for.last.period ------ Let the sheet calculate the last period using the "Validate" button. Do not change it yourself.

validation.msg.loan.variable.schedule.insert.not.allowed.after.last.period.date ----- Do not add payments after the set close date.
{% endhint %}

### Related articles <a href="#howtoprovidevariableinstallments-relatedarticles" id="howtoprovidevariableinstallments-relatedarticles"></a>

* Page:[Enabling Floating Rate](https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/loan-products/loan-product-fields/enabling-floating-rate)
* Page:[Loan Products](https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/loan-products)
* Page:[Loan with term vary based on loan cycle](https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/loan-accounts/loan-with-term-vary-based-on-loan-cycle)
* Page:[Tranche loan process](https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/loan-accounts/tranche-loan-process)
* Page:[How to create new loan - Interest Recalculation](https://docs.mifos.org/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/loan-accounts/how-to-create-new-loan-interest-recalculation)