Loan Demand
Overview
Loan Demand — Business Overview
Loan Demand is a core business document in Dafater used to formally record and track the amounts that a borrower is required to pay for a loan during a specific period. It represents the financial obligation raised against a customer, such as principal repayment, interest, fees, or penalties, and serves as the basis for collection, accounting, and customer communication.
What Loan Demand Is Used For
In daily business operations, Loan Demand is used to:
- Generate payable amounts for active loans on scheduled dates
- Clearly define how much a customer owes and why
- Support billing, collection, and follow‑up activities
- Act as a reference for repayments, overdue tracking, and outstanding balances
It ensures that loan receivables are systematically calculated, documented, and monitored.
Prerequisites and Setup Requirements
Before using Loan Demand, the following should be in place:
- An approved and active loan issued to a customer
- Defined repayment terms, such as installment schedule, interest rules, and charges
- Customer records with valid contact and identification details
- Clear internal policies for loan recovery, penalties, and overdue handling
These prerequisites ensure that loan demands are accurate, consistent, and compliant with business policies.
Typical Workflow and Business Fit
Loan Activation
Once a loan is approved and disbursed, it becomes eligible for demand generation.Demand Creation
A Loan Demand is created for a specific period, capturing the amount due (such as installment, interest, or fees).Customer Notification
The demand amount is communicated to the customer as part of billing or repayment reminders.Collection and Tracking
Payments received from the customer are matched against the Loan Demand to track what is paid, partially paid, or overdue.Follow‑up and Reporting
Outstanding or overdue demands support follow‑up actions, management reviews, and portfolio performance analysis.
This workflow ensures transparency and discipline in loan servicing.
Key Business Scenarios Where Loan Demand Is Essential
Scheduled Installment Collection
When monthly or periodic repayments are due from borrowers.Interest or Fee Charging
To demand interest accruals, processing fees, or service charges.Overdue and Penalty Management
To raise additional demands when payments are delayed.Loan Portfolio Monitoring
To understand total receivables, aging, and customer repayment behavior.Audit and Compliance Reviews
To provide a clear record of amounts demanded versus amounts collected.
Important Considerations for Users
- Always verify that loan terms are correct before generating a Loan Demand
- Ensure demands are raised on time to avoid revenue leakage or disputes
- Use consistent communication with customers to explain what each demand includes
- Monitor unpaid or partially paid demands closely to manage risk
- Treat Loan Demand as a financial commitment record, not just a reminder
In summary, Loan Demand plays a vital role in Dafater by bridging loan agreements and actual collections, helping businesses maintain control, clarity, and accountability throughout the loan lifecycle.
Basic Information
- Module: Loan Management
- Document Type: Other
Fields
| Field Name | Label | Type | Required | Options | Description |
|---|---|---|---|---|---|
| applicant_type | Applicant Type | Link | DocType | Type of applicant entity involved in Dafater loan demand | |
| applicant | Applicant | Dynamic Link | applicant_type | Specific applicant against whom the loan demand is raised | |
| loan_repayment | Loan Repayment | Link | Loan Repayment | Linked loan repayment record generating this demand | |
| company | Company | Link | Company | Company under which the loan demand is accounted | |
| demand_date | Demand Date | Datetime | - | Date when the loan demand becomes applicable | |
| posting_date | Posting Date | Datetime | - | Accounting posting date of the loan demand | |
| loan | Loan | Link | Loan | Loan account against which demand is generated | |
| loanrepaymentschedule | Loan Repayment Schedule | Link | Loan Repayment Schedule | Repayment schedule reference for this loan demand | |
| loan_disbursement | Loan Disbursement | Link | Loan Disbursement | Related loan disbursement triggering the demand | |
| disbursement_date | Disbursement Date | Date | - | Date when loan amount was disbursed | |
| repaymentscheduledetail | Repayment Schedule Detail | Data | - | Specific installment or schedule reference detail | |
| sales_invoice | Sales Invoice | Link | Sales Invoice | Sales invoice linked to this loan demand | |
| loan_product | Loan Product | Link | Loan Product | Loan product under which demand is created | |
| istermloan | Is Term Loan | Check | - | Indicates whether the loan is a term loan | |
| customclearedbysalaryslip | Cleared By Salary Slip | Link | Salary Slip | Salary slip through which the demand was cleared | |
| demand_type | Demand Type | Select | EMI, Penalty, Normal, Charges, BPI, Additional ... | Category of demand such as EMI or penalty | |
| demand_subtype | Demand Subtype | Data | - | Additional classification for the demand type | |
| invoice_date | Invoice Date | Date | - | Invoice date associated with the loan demand | |
| demand_amount | Demand Amount | Currency | Company:company:default_currency | Total amount demanded from the borrower | |
| paid_amount | Paid Amount | Currency | Company:company:default_currency | Amount already paid against this demand | |
| waived_amount | Waived Amount | Currency | Company:company:default_currency | Amount waived off from the original demand | |
| outstanding_amount | Outstanding Amount | Currency | Company:company:default_currency | Remaining unpaid amount for this demand | |
| cost_center | Cost Center | Link | Cost Center | Cost center to allocate demand-related accounting | |
| amended_from | Amended From | Link | Loan Demand | Previous loan demand document amended | |
| processloandemand | Process Loan Demand | Link | Process Loan Demand | Process record used to generate this demand | |
| loan_partner | Loan Partner | Link | Loan Partner | Partner associated with the loan demand | |
| partnershareallocated | Partner Share Allocated | Currency | Company:company:default_currency | Partner share amount already allocated | |
| partner_share | Partner Share | Currency | Company:company:default_currency | Partner’s share amount for this demand |
Permissions
| Role | Read | Write | Create | Delete | Submit | Cancel |
|---|---|---|---|---|---|---|
| System Manager | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Loan Manager | ✓ | ✓ | ✓ | ✓ | ✓ |
Related DocTypes
| DocType | Relationship | Module |
|---|---|---|
| Loan Interest Accrual | Linked from | Loan Management |
| Company | Links to | Setup |
| Cost Center | Links to | Accounts |
| Loan | Links to | Loan Management |
| Loan Demand | Links to | Loan Management |
| Loan Disbursement | Links to | Loan Management |
| Loan Partner | Links to | Loan Management |
| Loan Product | Links to | Loan Management |
| Loan Repayment | Links to | Loan Management |
| Loan Repayment Schedule | Links to | Loan Management |
| Process Loan Demand | Links to | Loan Management |
| Salary Slip | Links to | Payroll |
| Sales Invoice | Links to | Accounts |