2.10.1.6 Loan Approval

This topic describes the systematic instructions to Loan Approval. This screen is used to approve the loan application.

The loan officer has to verify the loan application, analyses the eligibility of the Credit lines and collateral, verify the applicant business nature and approve the loan application. The details captured in various data segments are displayed as summary tile view. User can click and view the loan details. The details are not allowed to modify in this data segment. However user can capture his comments under Remarks field and can either approve or reject the application. Following options are supported as exit criteria in this data segment.

Table 2-19 Data Segment - Options

Option Description
Approve Approve the application and generate sanction advice.
Mark for Correction Reject the application to move back to previous stage for modification.
Reject Reject the application and send notification to customer.
  1. From Loan Origination , click Loan Approval.
    The Loan Approval screen displays.
    • The OBCLCS supports both single and multilevel approvals. Business rules can be configured in CONDUCTOR process flow to have single or multi-level approval.

    Figure 2-17 Loan Approval


    Description of Figure 2-17 follows
    Description of "Figure 2-17 Loan Approval"

  2. Click Save & Close, to save and close the details.
  3. Click Submit.

Parent topic: Cash Flow