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  • Frequently Asked Questions
  • FIRST FLIGHT
    • What can the Mobiloan App Do?
    • What are the device requirements?
    • How much does Mobiloan cost?
    • Can I migrate to Mobiloan with an existing Amplifin subscription?
    • How do I reset my login password?
  • LOAN ORIGINATION
    • What are the various loan statuses?
    • How do I unblock a blocked loan?
    • How can I dispute a credit bureau listing that is incorrect ?
    • How to add Custom Informal Occupations ?
    • How to Retrieve and Authorize Electronic Bank Statements in Mobiloan
    • Why does Mobiloan remove the expense disclosure ?
    • How does Mobiloan Calculate the Minimum Expenses Required on an given loan?
    • How to capture the address of a client?
    • How to perform a FIC Enquiry ?
    • Why is Mobiloan allocating the surplus as an expense, and removing the NCR disclosure?
    • How to reverse a loan payout?
    • What is Management Hold Signoff Payout Alert?
    • How to create and link a FEZA Card to a client?
  • COLLECTION
  • What are the Benefits of a Ticketing System for Overdue Collections
  • What do the various collection ticket categories mean ?
  • How to update the status of a collection ticket?
  • How to view a summary of collection tickets?
  • TRANSACTIONS
    • What are the basic navigation shortcuts on the Client Ledger Screen?
    • How do I manually change the status of a loan?
    • How do I manage Unlinked Transactions?
    • How does Mobiloan manage adverse loans?
    • How do I post a manual receipt/refund ?
    • How to perform a wallet or eft refund?
    • What is a payout deduction?
    • How to resubmit a loan status to SACCRA?
  • How to Enable Auto - Handover and Auto - Write Offs.
  • MAINTENANCE
    • How to create a new device in Mobiloan?
    • How to generate a new enrolment link for a device?
    • How to create a new user in Mobiloan?
    • How can I modify the ID Number or Passport of an exiting Client?
  • troubleshooting
    • How to upload a diagnostic report ?
    • Why do outgoing voice calls go directly to voicemail?
    • How do I fix the time synchronization error on my Windows PC?
    • How to Grant Storage and Camera Permissions to the "Mobiloan" App on Android?
    • How to bypass the Mac Installation Warning?
    • Why aren't all users populating when selecting a branch manager in Branch Setup?
  • How to Clear Browser Cache for Various Desktop and Mobile Browsers
  • GENERAL
    • How to enable multi-factor login authentication ?
    • About Mobiloan - FIC Integration
    • What languages does Mobiloan support for contractual agreements?
    • How do I enable Multiple Mobiloan Containers on my Desktop PC?
    • How do I Contact Mobiloan Support?
    • How do I verify my Email Address?
    • How can I add cellphone numbers to SMS messages without triggering a Mobiloan warning?
    • Understanding and Leveraging the Search Results Screen in Mobiloan
    • How do I get started with Insurance Integration ?
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  1. LOAN ORIGINATION

How does Mobiloan Calculate the Minimum Expenses Required on an given loan?

PreviousWhy does Mobiloan remove the expense disclosure ?NextHow to capture the address of a client?

Last updated 5 months ago

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Mobiloan calculates the minimum expense for a loan applicant based on their gross monthly income and the National Credit Regulator (NCR) guidelines.

  1. Income Bracket Determination: The applicant's gross monthly income is used to determine their income bracket. Each income bracket has a corresponding minimum monthly fixed factor and a percentage rate.

  2. Calculating the Expense: The minimum expense is calculated using the following formula:

    Minimum Expense = Minimum Monthly Fixed Factor +
     (Income Above Band Minimum × Percentage)
  3. Applying the Result: If the applicant claims expenses lower than the calculated minimum expense, the credit provider can assume the minimum expense as the applicant's actual expense. However, if the applicant claims higher expenses, they may need to provide additional proof to support their claim.


Category Minimum Requirements

To further refine affordability assessments, Mobiloan allows superusers to define category-specific minimum expenses. If the category-specific minimum exceeds the NCR-calculated minimum, the higher value is used. This ensures that affordability assessments are accurate and compliant with regulatory requirements.

How to calculate Minimum Expense Norms - Novation ConsultingNovation Consulting
Step 3 - Affordability Limitations | Mobiloan User Guide
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