2.10.1.8 Draft Proposal Approval Details

This topic describes the systematic instructions to Draft Proposal screen. This screen is used to verify and input all the details captured for draft proposal captured in various data segment such as client name, loan amount, currency, tenor, company profile, collateral requirements, fee and charges details,and interest details.

The details captured in various data segments are displayed as summary tile view, the details of each tile can be viewed by a click on the tile. The user will have option to either verify and approve or reject the application. He can also input his new details as per the approval.

Following options are supported as exit criteria in this data segment:

Table 2-21 Data Segment - Options

Option Description
Approve Approve the application task and proceed to next stage.
Reject Rejects the application and takes the application to enrichment stage.
Cancel Application Cancel the application and send notification to customer.
Cancel Close the screen and retain the task in the same stage.
  1. Initiate a Loan Origination and navigate to a specific data segment.
  2. From Loan Origination , click Draft Proposal tab and provide the required details
    The Draft Proposal screen displays.

    Figure 2-19 Draft Proposal


    Description of Figure 2-19 follows
    Description of "Figure 2-19 Draft Proposal"

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

    Table 2-22 Draft Proposal

    Field Description
    Loan Details Information specified in below fields are related to loan details.
    Loan Currency Select the currency in which the loan is required by customer.
    Proposed Loan Amount (Range) Enter the proposed loan amount range (Min/Max) of the loan required by customer.
    Proposed Loan Amount Enter the proposed loan amount as requested by the customer.
    Loan Tenor (Months) Select the loan tenor in months as requested by customer.

    User will be able to input minimum and maximum loan tenor which can be offered to customer.

    Proposal Validity Select a proposal validity.
    Collateral ID Select the Collateral ID from the list of values, which the customer request to link to get the draft proposal.
    Interest Details Information specified in below fields are related to interest details.
    Rate Type Select a rate type from the drop-down list.
    The options available are:
    • Floating Rate
    • Fixed Rate
    • Special Rate
      Sub Rate Type: Based on the Rate type user will be allowed to select the corresponding rate sub type as below:
      • Floating - Automatic/Periodic
      • Fixed - User Input, Standard, Treasury and Agency
      • Special - Fixed Rate/Flat Amount
    Rate Enter the rate of the loan.

    User will be able to input minimum and maximum rate.
    Margin Enter the margin of the loan.

    Also, user will be able to input minimum and maximum margin.
    Interest payment Frequency Enter the interest payment frequency of schedule from the drop down list.
    Schedule of Principal Defines when the Principal has to be paid by the borrower.

    User will have two options to choose from. If user has selected amortize then he will get the LOV to define the schedule amortization or if he selects Bullet then he will have to update the final payment date in the segment.
    Amortise Select the frequency of schedule from the drop-down list.
    Bullet Select the date on which the principal payment will be made.
    Fee Details Information specified in below fields are related to fee details.
    Fee Select the fee details.
    Fee Type Enter the fee which is applicable for the customer.
    Fee Rate Enter the fee rate which is applicable for the customer.

    Either of fee rate or fee amount can be updated by the user.
  3. Click Save & Close, to save and close the details.
  4. Click Next, to navigate to the next screen.

Parent topic: Cash Flow