Once the entire loan amount is settled, a Loan Security Unpledge is initiated to release the pledged securities.

To access the Loan Security Unpledge list, go to:

> Home > Loan Management > Loan Security > Loan Security Unpledge

1. Prerequisites 

Before creating a Loan Security Unpledge, you must create the following first:

• Loan Security Type
• Loan Security
• Loan

2. How to Create a Loan Security Unpledge

1. Go to Loan Security Unpledge List, click on New.
2. Select Loan against which the securities are unpledged.
3. Select Applicant.
4. Select Company
5. In the securities table enter the Loan Security and their quantity to be unpledged. Also enter the Loan Security Pledge for which the securities need to be unpledged.
6. Click “Save” to save the draft of the Loan Security Unpledge.
7. Click “Submit” to Release the loan securities.

2.1. Other ways to create a Loan Security Unpledge

You also have the option to initiate a Loan Security Unpledge from a Loan for which loan closure is requested by using the “Create” button located at the top right.

3. Features

3.1 Approval of Loan Security Unpledge Request

Upon approval of the Loan Security Unpledge, it will automatically adjust the quantity and status in the associated Loan Security Pledge. If the unpledge request results in a complete release, the status in the Loan Security Pledge will be marked as “Unpledged”; otherwise, it will be labeled as “Partially Pledged”. Additionally, if the unpledge action is complete, the corresponding Loan will be automatically closed.