Magento 2 Loan Credit

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Magento 2 Loan Credit Extension by MageComp let store owner give virtual credit to their store customers using which they can quickly purchase the products and settled their account later.
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Compatibility: Magento CE 2.x.x, EE 2.x.x


Having wholesaler & retailer store both and want to give credit to your some regular shoppers? In a traditional physical store, where shoppers can purchase products without paying anything and at the end of the month they settled their account by paying all money at once. This kind of traditional payment method offers flexible and convenient transactions at both hands. Integrating such a system in an online store helps you to increase your sale and average customer order value. But what if you want to integrate such loan system in your online Magento store?

Magento 2 Loan Credit Extension by MageComp allows the Store owner to allocate some virtual credits to your customer account through which can they can easily purchase store products. The extension offers flexible loan system by which store owner can easily assign loan amount to the customer account as well as the customer can make a request from their account section. Moreover, the admin can see Customers Loan requests from the backend and can approve if needed.

Why choose Magecomp’s Magento 2 Loan Credit Extension:

  • Backend option to enable or disable the extension.
  • Store admin can set custom payment title to display in store frontend.
  • Using backend option, store admin can assign default order status if needed.
  • The admin can Loan credit for all countries or specific countries by making a selection from the backend.
  • Also, store admin can set minimum and maximum amount using backend options for Loan credit.
  • Option to assign sort Order to display loan credit payment method at the top.
  • From customer view section, admin can directly assign credit amount for that particular customer.
  • Once the amount is credited, a customer can see the available credit from their account section and can purchase at any time using given credit.
  • The customer can easily request for more loan credit directly from their account section.
  • Store admin can see all the customer’s loan requests from the backend grid and can approve if needed.
  • At Checkout, the Loan Credit Payment method will be displayed only if the Total amount is less than available credit.

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