Under what circumstances does Mobiloan automatically remove the expense disclosure ?

Understanding Affordability Disclosures in Mobiloan

During loan origination, Mobiloan conducts an affordability assessment to determine a client's eligibility. If the system identifies a potential affordability issue, it may prompt the client to provide detailed expense information. This information is used to generate an expense disclosure, which outlines the client's financial commitments.

Automatic Adjustments:

Mobiloan is designed to simplify the affordability process. If a new loan's repayment amount significantly impacts the client's affordability, the system may automatically adjust the expense disclosure. This ensures that the client's financial situation remains sustainable.

Customizing Affordability Settings:

To tailor affordability assessments to specific needs, you can configure category-specific minimum expenses in the Setup > Category section. This allows you to set custom thresholds for different loan types or client segments.

For more detailed information, please refer to the following user guide: [Link to the relevant user guide]