2.10.1.7 Loan Approval

Use Loan Approval screen to approve the loan application.

Helps the loan officer 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.
  • 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. In the Loan Origination , click Loan Approval OBCLPM supports both single and multilevel approvals. Business rules can be configured in CONDUCTOR process flow to have single or multi-level approval.
  2. Click Submit.