Loan Security Shortfall

If loan to security value ratio falls below a specific value, a Loan Security Shortfall is automatically created for that specific loan.

To access the Loan Security Shortfall list, go to:

Home > Loan Management > Loan Security > Loan Security Shortfall

A Loan Security Shortfall contains the details about:

• Loan: The Loan against which there is a Loan to security value shortfall.
• Shortfall Time: The time at which the shortfall record was created.
• Status: The status of the shortfall. Pending is the default status and it changes to Complete once a payment is made or additional security is pledged against the loan to satisfy the shortfall.
• Loan Amount: Loan amount is the pending loan amount which is used for shortfall calculation.
• Security Value: Security Value is the current pledged security value.
• Shortfall Amount: Shortfall amount is the difference between the loan amount and the security value which needs to be repaid to complete the shortfall.

Additional Loan Security can be pledged against a loan from the Loan Security Shortfall itself via the Add Loan Security button on the top right.

Updated on: 27/03/2023