Loan History

The Loan History feature in PrismERP provides a comprehensive and chronological record of all loan-related transactions, including disbursements, repayments, outstanding balances, and interest accruals. It ensures full traceability of every financial activity associated with a loan, helping businesses maintain transparency and control over their lending operations.

Key Components

• Disbursement Records

  • Logs details of each disbursement event including date, amount, and method.
  • Tracks partial or full disbursements over time.

• Repayment Transactions

  • Captures all repayments made toward principal and interest.
  • Supports EMI, lump sum, and ad-hoc payment structures.

• Outstanding Balances

  • Real-time view of remaining loan balance after each transaction.
  • Includes breakdown of principal and interest due.

• Interest Accruals

  • Records calculated interest per period (based on loan type and terms).
  • Supports multiple interest types (fixed, reducing, flat, penalty).

• Transaction Timestamps

  • Date and time logs for every transaction, modification, and posting.

• User Audit Trails

  • Tracks user activity related to the loan: who disbursed, who recorded payments, who approved.

Filtering and Search

Users can filter loan history based on:

• Loan Type (EMI, LTR, Overdraft, etc.)
• Customer or Party Name
• Date Range
• Transaction Type (Disbursement, Repayment, Interest)
• Loan Status (Active, Settled, Overdue)

Reporting & Export

• Export loan history reports in PDF, Excel, or CSV format.
• Generate client-wise, branch-wise, or loan-type-specific historical reports for audits or analysis.

Integration

Loan History is fully linked with:

• Loan Disbursement and Repayment Modules
• Accounts Receivable
• General Ledger
• Interest Calculation
• Loan Dashboard and Alerts

With PrismERP’s Loan History, organizations can gain complete visibility into loan lifecycle activities—ensuring accurate, transparent, and reliable loan management.