Loan has its own lifecycle that starts with its creation and goes through different recommendation and approval stages, and end when the load has been, for example, paid off, rejected or cancelled. To make it easier to follow this cycle, loans are assigned statuses that changes as they are being processed. "Workflow" tab of the loan details provides an overview of the main statuses in the history of a specific loan.

This article provides description of the loan statuses. The status ID field is provided for internal purposes but can be used by the customers to refer to a specific status in their communication with the company support.
The order of statues may not correspond the actual flow of the statuses (see Loan Status Flow)

Status ID	Status name	Preconditions	Description	Workplaces where loans with this status are shown	Possible Status Change Actions
0	Pre-Origination	N/A	Loan Application is being created Customer logs-in or an account is created for the customer	Start page Origination
1	Origination	Customer created in the system	Basic customer and loan details are collected and entered into the system Initial decision to recommend/not recommend the loan application for approval is being made	Origination	Recommend for approval Cancel
12	Collateral	Loan application recommended for approval at the Origination Stage AND Collateral evaluation is required for the credit product	The loan's collateral is being added and evaluated Decision to recommend/not recommend the loan application for approval is made	Collateral	Recommend for approval Return for reprocessing Reject Cancel
3	Auto Processing	Loan application recommended for approval at the Origination Stage AND If required, loan application recommended for approval at the Collateral stage	System is automatically processing the loan application in compliance with the credit product settings (Credit Bureau request, Business Rules and Scorecard checks) Automatic decision to recommend/not recommend the loan application for approval is made OR Automatic decision to approve the loan is made	Underwriting (the actions are performed at the background and their results are visible on the Underwriting workplace)	Automatically recommend for approval Automatically Approve Automatically reject Cancel
24	Risk evaluation	Two-step approval is required for the credit product AND Loan application passed all the required Auto Processing checks	Loan application is being pre-checked by an authorized Credit Manager Decision to recommend/not recommend the loan application for approval is made	Risk Evaluation	Recommend for approval Return for reprocessing Reject Cancel
2	Reprocessing	Loan application returned for reprocessing (after Collateral or Risk Evaluation, or by an authorized Underwriter)	Basic customer details are edited or updated Initial decision to recommend/not recommend the loan is confirmed or updated	Origination	Recommend for approval (repeatedly) Cancel
4	Waiting For Approval	Manual approval is required for the credit product AND Loan passed all the required checks at Auto-processing AND If required, loan application is recommended for approval at the Risk Evaluation stage	Loan application is awaiting for the decision of an authorized Underwriter Authorized Underwriter is taking the final decision on the application approval	Underwriting	Approve Return for reprocessing Reject Cancel
5	Approved	Loan application was approved at the end of Auto Processing or Underwriting stage	Loan application is awaiting for disbursement BUT It can still be rejected by an Authorized Underwriter	Servicing Underwriting	Initiate disbursement (Servicing) Reject (Underwriting) Cancel
6	Rejected	Loan application was rejected (as a result of Collateral or Risk evaluation; Auto Processing or authorized Underwriter's decision)	Processing of the loan application is on hold BUT It can still be approved or sent for reprocessing by an authorized Underwriter Loan application is added to the archive	Origination Collateral Risk Evaluation Underwriting Archive	Sent for reprocessing Approve
16	Gathering Investments	Not all required loan amount is funded		Servicing
7	Active	The loan was disbursed to the customer.	Loan is being serviced: Schedule is updated Payments are collected Any payment issues are registered	Servicing Collateral (if collateral needs to be re-valuated)	Register payment Restructure the loan Set the loan to paid-off Set the loan to repaid
8	Past Due	Loan payment wasn't performed on time	There is a past-due debt for this loan.	Servicing Collection Collateral (if collateral needs to be re-valuated)	Register payment Restructure the loan Set the loan as paid-off Set the loan as repaid
9	Repaid	The loan is fully repaid and closed.		Archive	FINAL STATUS
10	Written off	The loan was written-off by the system or manually and closed.		Archive	FINAL STATUS
11	Rollover Requested not applicable starting from version 7.0	The customer requested to roll over the loan.		Servicing	Allow Rollover
13	Disbursement Failed	Disbursement of the loan via a payment system is finished unsuccessfully.		Servicing
14	Disbursement in Progress	Disbursement of the loan via a payment system is currently processing.		Servicing
15	Restructured not applicable starting from version 7.0 ????	The loan is restructured.		Archive	FINAL STATUS
17	Waiting for offer confirmation	Loan was approved Offer was sent to the customer
18	Waiting for signature		The loan agreement is sent to the customer for signing	Underwriting
19	Agreement Declined		The borrower declined the loan agreement	Archive	FINAL STATUS
20	Agreement expired		The borrower didn't make a decision about the loan agreement during the Expiry Period Days	Archive	FINAL STATUS
21	Customer deleted		The loan is closed because the customer has been deleted.	-	+
22	Canceled		The loan is canceled and closed.	Archive	+
23	Waiting For Down payment		The loan is waiting for a Down payment.	Underwriting, Servicing
24	Risk Evaluation		The application is under review of the risk manager.	Risk Evaluation
100	Bank Account Verification		The loan agreement is waiting for bank verification	Underwriting
101	Bank account verification expired		The Bank Account Verification period has expired. Loan closed	Archive	+
102	Waiting for Bank Account Verification		The Bank account is not yet verified	Risk Evaluation
103	Waiting for response from the bank service provider		Waiting for response from the remote bank provider service	Risk Evaluation
200	Pending Initial Payment		A client is expecting the very first loan delivery	Underwriting
201	Pending Predisbursment Payment		A client is expecting the very first loan delivery	Underwriting
250	Expired Initial Payment		When a loan delivery date is due	Underwriting
301	Offer Declined		When a borrower declines the offer	Archive
302	Offer Expired		When a borrower has not replied to the offer in a given time period	Archive

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Loan Statuses (for KB)

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