2.3 Process Loan Details

This topic describes the systematic instructions about Loan Details screen. This screen is used to capture the basic loan details which the customer has made a request.

The data segment includes information like loan currency, amount, purpose, tenor, and more that need to be updated. This data segment is the fundamental detail for any process that will be followed by the product.

  1. Initiate a Loan Origination and navigate to a specific data segment.
  2. From Loan Origination , click Loan Details tab and provide the required details.
    The Loan Details screen displays.

    Figure 2-3 Loan Details


    Description of Figure 2-3 follows
    Description of "Figure 2-3 Loan Details"

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

    Table 2-4 Loan Details - Field Description

    Field Description
    Loan Currency Select the currency in which the loan is required by customer.
    Loan Amount Enter the amount of the loan required by customer.
    Loan Tenor (Months) Enter the loan tenor in months as requested by customer.
    Value Date Select the Value/Drawdown/Effective date of the loan.

    System defaults the date as per application date and however the user will be allowed to modify as per the requirement.
    Maturity Type Select the type of maturity of the loan.
    The available options are:
    • Fixed: If maturity type is selected as Fixed, the maturity date field is enabled to update.
    • Notice: If maturity type is selected as Notice, the notice day field is enabled to update.
    • Call
    Maturity Date Select the maturity date of the loan.
    Commitment Linkage If user are linking the loan amount to a commitment, user can only link the full loan amount. For existing customers, user can modify the commitment already added (found in OBCL) on the initiation screen or add/edit a new commitment (Contract Reference Number) on this screen. Once a commitment linkage is added, it cannot be deleted.
    Contract Number Specify the contract reference number of the contract for which you need to add/amend the commitment linkage.
    CounterParty This field is defaulted from the Loan Origination initiation screen.
    Commitment Currency This field is defaulted based on the contract number selected.
  3. Click Save & Close, to save and close the details.
  4. Click Next, to navigate to the next screen.

Parent topic: Data Segments