A loan product of this type may be used to cover a situation, like construction, where the borrower is making progressive payments up to the total principal amount approved for the loan account. In the example in the table below, up to 5 disbursements may be made to a total outstanding balance of 1000 (in the loan currency). When a loan account is opened, the actual number of disbursements and its maximum outstanding balance (up to a maximum of 1000) will be fixed.
Field name (attribute)
Validations (if applicable)
Maximum allowed outstanding balance
The maximum outstanding loan account balance allowed at a point in time.
Numeric field (assumes the loan product currency applies)
Maximum Tranche count
The maximum number of disbursements allowed for a loan account.