Configuring Your Digital Loan Application: Personal Loan

Last updated: February 9, 2026

Overview

This guide covers the specific settings for the Personal Loan product, including loan purpose categories, rate table management, and member-facing descriptions.

Personal Loan Categories

Manage the various reasons a member might apply for a personal loan. Each category can have its own unique application path.

  • Loan Purpose: View standard options such as Debt Consolidation, Everyday Expense, and Holiday.

  • Status: Use the dropdown to set availability:

    • Active: Visible to all members.

    • Hidden: Not visible in the application flow.

    • Active via link: Only accessible through a direct link. Does not appear in the regular loan application journey.

  • Rate Table Configured: Assign a specific rate sheet (e.g., Rate Sheet A) to the category.

  • Category Management: Click the three-dot menu (...) to edit, move down, add a sub-type, or hide a category.

  • Add Loan Category: Use the button at the top of the table to create a new purpose, such as a "Holiday" loan.

    Category Setup: Use the steps below to complete the category setup.

    • Category Name: Enter the internal name for the loan purpose, such as "Vacation" or "Home Improvement".

    • Select Icon: Choose a visual icon that best represents the loan category for the member's view.

    • Status: Select the visibility for this specific category:

      • Active: The category is live and visible to all members.

      • Hidden: The category is saved but not visible in the application flow.

      • Active via link: The category can only be accessed through a direct, unique URL.

      • Rate Table Configured: Assign a specific rate sheet (e.g., Rate Sheet A) to the category.

      • Ask for Debt Consolidation: Toggle between Show or Hide. Enabling this will prompt the member to provide details about existing debts they wish to consolidate within the application.

      • Purpose Code: Enter the specific core-system purpose code associated with this loan type. This ensures that when an application is funded, it maps correctly to your internal processing system.

      • Click the Close button at the bottom of the configuration window. This "stages" your changes.

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The image below shows the 'End user Display.'

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The image below shows the 'End User Display.' When Debt Consolidation is turned on, and the applicant has trade lines.

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The image below shows the 'End user Display.' When Debt Consolidation is hidden.

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  • Direct Link: A unique URL is automatically generated for this specific loan category to be used in targeted marketing campaigns.

  • Mapped Rate Table: Use the dropdown to select which pricing structure (e.g., Rate Sheet A) applies specifically to this category.

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Rate Table Management

Before making changes, it is important to understand how these two components work together:

  • The Rate Table (View-Only): The table you see on your dashboard screen is a live preview of your current configuration. It displays rate sheets that have your active tiers, interest rates, criteria's and loan limits but cannot be edited directly on the screen.

  • The Rate Sheet (Editable File): To change any data in the table, you must download the Rate Sheet (Recommended) or Start From Blank template, update it in Excel, and re-upload it. This sheet acts as the "source of truth" that updates the dashboard view.

  • Please see the How to Update Your Rate Sheet Guide for Rate Updates

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Saving

  • Save: Click the Save button at the top right to store your configuration changes.