Manage provided financings

Provided financings let you record a loan you grant to a contact, including principal, interest and repayment schedule. Protiva calculates the schedule automatically and generates the monthly instalment notes.

Open the provided financings list

1. Go to Contracts;

2. Click Granted financing in the view switcher at the top of the list.

Create a provided financing

1. Click Create financing;
2. Fill in the loan details: select a contact at Borrower (relation), enter the Principal, the Reference / loan number, the Interest rate (% per annum), the Term (months) and the Repayment type;
3. Save the financing.

Activate a provided financing

1. Open a financing with the status Draft;
2. Click Activate.

After activation Protiva automatically generates the monthly instalment notes according to the portfolio's invoicing settings.

Register an extra repayment

1. Open an active financing;
2. Go to the Repayment schedule tab;
3. Click Extra repayment;
4. Enter the Amount and the Date;
5. Choose the desired effect on the remaining instalments at Effect on remaining instalments;
6. Click Register.

The repayment schedule and future instalments are recalculated automatically.

Delete provided financings

1. Select one or more financings in the list;
2. Click Delete;
3. Confirm the deletion in the dialog.