1.5.4 Payment

This topic describes the systematic instructions to Payment stage.

The Loan Payment option enables the user to make pre-payment, partial payment, or repayment towards the existing loan contract.

  1. From Homepage, click Corporate Lending, and then click Operations. From Operations, click Bi-lateral.
  2. From Bi-lateral, click Loan Payment.
    The Loan Payment screen displays.
  3. Click Advanced Search to provide further details to search for a loan contract as illustrated.
    The Loan Payment - Advanced Search screen displays.

    For information on the screen fields, refer to the field description table below.

    Table 1-58 Loan Payment - Field Description

    Field Description
    Customer Name Displays the Customer Name based on Customer.
    Facility Code Select the Facility Code.

    Note:

    In basic search user can search based on customer or facility code to choose a contract that needs to be serviced.
  4. Click Search to list the contracts that meets the search criteria for user to choose a contract number. Advanced search option can be activated using the toggle in the search bar where user can additionally search based on Loan start and end dates or the Loan currency and amount.
    • After selecting a contract system populates the appropriate business product applicable for the loan contract. User can choose a business product and the value date for the changes to be effective. On click of initiate, a unique Application Registration number is auto generated by the system, which are used throughout the process and for further tracking. The system derives the process flow for Loan payment with the configured list of data segments and the process gets instantiated.
    • Based on the user rights, the system navigates the user to the first manual stage of the manual stage of the process flow.

    This topic contains the following sub-topics: