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To add a new credit committee approval workflow, click on the + Create and fill the following fields: 

Limit – indicate the loan amount limit up to which the credit committee will be able to approve.

Roles – in Select dropdown list, choose roles which will be responsible for loan approval. The roles identifies the user(s) in charge of accepting or rejecting applications. Once selected, the role names will appear in the box above.

Click on the Save button at the top right-hand corner to save changes or Cancel to discard them.

Using the same method, you can define several loan amount ranges for loan amount credit committee approval. In the screenshot above, you can see that admin can approve loan applications up to 100,000, then admin and loan officer jointly up to 1,000,000, and finally CEO only has a the right to approve loan applications for loan amounts between 1,000,000 and 10,000,000. Loans exceeding 10,000,000 will not be allowed by the system.