Draft Proposal Approval Details

2.10.1.9 Draft Proposal Approval Details

Use Draft Proposal screen 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:

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.

In the Loan Origination , click Draft Proposal tab and provide the required details
Figure 2-21 Draft Proposal

Description of "Figure 2-21 Draft Proposal"

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. Also, you 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
- 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. Also, you will be able to input minimum and maximum rate.
- Margin: Enter the margin of the loan. Also, you will be able to input minimum and maximum margin.
- Interest payment Frequency: Enter the 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.
- Amortize: Select the frequency of schedule from the drop-down list.
- Bullet: Select the date on which the principal payment will be made.
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.

Parent topic: Cash Flow