2.4 Process Real Estate Loan
This topic describes the systematic instructions about Real Estate Loan screen. This screen is used to capture the Real estate details or property details of the client.
These details help relationship and credit managers assess a customer's creditworthiness and collateral information. This segment can be used while providing real estate loans.
- Initiate a Loan Origination and navigate to a specific data segment.
- From Loan Origination , click Real Estate
Loan tab and provide the required details.The Real Estate Loan screen displays.
For more information on fields, refer to the field description table.
Table 2-5 Real Estate Loan - Field Description
Field Description Property Type Select the type of the property type. Property Status Specify the status of the property - New/Existing. Construction Status Select the status of construction. The available options are:Construction.- Completed
- Under
Expected Completion Date Enter the expected completion date of the property. Completion Date Enter the completion date of the property in case of Completed status. Purchase Date Enter the date of purchase of the property. Registration Number Enter the registration number or unique reference number of the property. Address 1-4 Enter the address of the property. City Enter the city of the property. State Enter the state in which the property is located. Country Enter the list of country from where user will have an option to select the correct county form the displayed list. Zip Code Enter the ZIP code of the location where property is located. Special Zone Select the required option, if the property is situated in and around Special zone. Total Area of the Property Specify the total area of the property in figures. Unit Select the unit in which the area of the property is measured from the list of values. Market Value Enter the market value of the property along with the currency. Eligible Value Enter the eligible value of the property along with the currency. Name of the Builder Enter the name of the builder. Classification of the Builder Enter the classification of the builder - Category A/B. Ownership Status Select the status of ownership. The available options are:- Freehold
- Leasehold
Lessor Enter the name of the lessor. Lease Effective date Enter the date on which the property is leased out. Lease Expiry date Enter the date of expiry of the leased out property. - Click Save & Close, to save and close the details.
- Click Next, to navigate to the next screen.
Parent topic: Data Segments
