6 Loan Rollover Request
This topic describes the overview of the Loan Rollover Request.
Loan rollover or renewal application goes through various stages of the business process flow, commencing from request initiation till loan renewal and loan disbursement based on the type of loan.
On submission of loan rollover application from Oracle Banking Digital Experience, the request gets assigned to the bank for further processing. Bank staff can view and process the application using back office or mid office systems integrated with Oracle Banking Digital Experience. Corporate Loan Origination module is currently integrated with Oracle Banking Corporate Lending Process Management for initiation of a new loan rollover request and to track its status.
Corporates can track the status of the loan applications using Application Tracker available within Oracle Banking Digital Experience. Once the loan account is renewed, the integrated Oracle Banking Corporate Lending application enables the servicing of the account.
Note:
If approver wants to modify the Loan Rollover Request, then Send to Modify option can be used instead of rejecting the request. Later, maker can make necessary changes to Loan Rollover Request and send for approval.Prerequisites
- The corporate user should be a registered Oracle Banking Digital Experience user.
- The application must be integrated with Oracle Banking Corporate Lending Process Management to initiate Rollover request flow and for tracking status of the request.
- The application must be integrated Oracle Banking Corporate Lending to get the details of the account for rollover/renewal and to track the status of the renewed account.
Perform the following navigation to access the Loan Rollover screen:
From the Menu, and click Accounts, and then click Corporate Loans. Under Corporate Loans, click Loan Rollover Request.
This topic contains the following sub-topics:
- Loan Rollover Request
This topic describes the process of initiating an application for Loan Rollover request.