Various loan statuses exist on Pecunia. Different factors drive these loan statuses and they represent various points of a loan cycle.
Here are the most common loan statuses on Pecunia:
This means the loan request was approved by the system and is on the loan request queue pending approval or decline. Only loans in the pending state can be approved or declined by the admin.
This means the loan request was approved and is now an active loan.
This means the loan has passed the due date and auto collections are attempting to collect the funds.
This means the system declined the user’s loan request and the user was deemed ineligible.
This means an admin declined the user’s loan request.
This means the user cancelled their loan request after accepting an offer.
This means the user abandoned the loan offer that was presented to them and did not submit their request.
This is for loan products that require guarantors. This status means the guarantor has yet to guarantee the user’s loan request. As such, this loan cannot be approved or declined.
This is for loan products that require official email validation. This status means the user has yet to validate their official email address. As such, this loan cannot be approved or declined.
This status is manually generated on the Pecunia platform. This is typically used when an admin wishes to write off the outstanding balance of a loan. It is usually used when the loan has an insignificant amount due to be repaid.
This is usually predicated by an event where a loan is disbursed to a user but the user for one reason or the other did not withdrawal the loan amount from their wallet. In situation like this, an admin can from Pecunia reverse the user’s loan, the system usually checks to verify that the loan amount iOS still in the wallet and no part of it withdrawn. When an admin reverses a user’s loan, the loan status becomes reversed.