This topic describes the section of the application form where applicants provide information about the purpose of the loan, the estimated cost, customer contribution.

Figure 1-18 Loan Requirements

Note:

The fields which are marked as Required are mandatory.

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

Table 1-19 Loan Requirements - Field Description

Field Name	Description
Loan Purpose	The purpose for which the loan is being availed. If this field is a dropdown, the options are: Buy new home Construct home Home renovation Other Note: Depending on the maintenance in OBO, this field can be a dropdown or an input field.
Estimated Cost	The estimated cost of the machinery being purchased /expansion/ factory, etc.
Customer Contribution	The contribution of the business towards the purchase of the machinery/factory/expansion, as the case may be.
Loan Term	The tenure of the loan in terms of years, months, and days. Note: The loan term must be within the minimum and maximum allowed range defined at the product level.
Loan Amount	The amount of the loan. Note: The loan amount will be populated once the estimated cost and customer contribution are specified.
Loan Repayment Frequency	Select the frequency from the drop-down list.

1. From the Loan Purpose list, select the purpose for which the loan is being applied, if the field is a dropdown. If the field is an input field, enter the purpose of the loan.
2. In the Estimated Cost field, enter the estimated cost of the machinery being purchased /expansion/ factory, etc.
3. In the Customer Contribution field, enter the contribution of the business towards the purchase of the machinery/factory/expansion.
4. In the Loan Term lists and field, define the term of the loan in years, months and/or days.
5. In the Loan Repayment Frequency field, select the repayment frequency.
6. Perform any of the following actions:
   1. Click Continue to proceed to the next step in the application.
   2. Click Back to navigate back to the previous step in the application.
   3. Click the Scan QR-code anytime to continue on mobile link to continue the application on mobile or tablet device.
   4. Under the kebab menu, perform any of the following actions:
      1. Click the Save and Continue Later option to save the application.
      2. Click the Continue on Mobile option to continue the application on a mobile device.