2 Corporate Loan Overview

This topic describes the information of widgets available on the Corporate Loans Overview screen.

This screen is like a dashboard which provides a summary of the loan accounts that the corporate user, has access to. The Corporate Loan Overview displays a summary of the total borrowings in all accounts along with the current outstanding amount. It allows the user to understand the current position with respect to finance accounts.

The Application Tracker section provides a visual representation of the number of applications in various stages, which are in-progress, draft, submitted, and completed.

Through the Quick Links section, the user can launch into the servicing sections of the loan module namely, repayment of loan, inquiring the repayment schedule, and viewing the disbursement details. A loan drawdown request can also be initiated from the Quick Links section.

In the Corporate Loan Summary, the user can view account details such as party name, account number in masked format, amount financed, interest rate, total outstanding, interest outstanding, outstanding amount,interest outstanding (local), outstanding amount (local), total outstanding (local) of the loan accounts that the user has access to. Details of each loan account can be viewed by clicking on the account number link.

The user can calculate the loan installment using the Loan Installment Calculator at the bottom of the dashboard. An Eligibility Calculator is also available to check for eligibility of a specific loan amount, based on existing income and expenses.

Note:

In application
  1. Account searchable drop-down will allow user to search the account number basis on the Account Number, Account Name, Account Currency or Branch Code.
  2. Bank can configure the fields to be shown as additional values in the accounts drop-down.
To view widgets on the Corporate Loan Overview screen:
  1. Perform the one of the following navigation to access the Corporate Loan Overview screen.
    • From the Dashboard, click Menu, and click Accounts, and then click Corporate Loans. Under Corporate Loans, click Overview.
    • From the Search bar, type Corporate Loans – Overview.
    The Corporate Loan Overview screen displays.

    Figure 2-1 Corporate Loan Overview


    Description of Figure 2-1 follows
    Description of "Figure 2-1 Corporate Loan Overview"

  2. On the Corporate Loan Overview screen, user can access the following widgets:
    • Corporate Loan Overview
    • Application Tracker
    • Corporate Loan Summary
    • Loans Maturing
    • Installments Due
    • Quick Links
    • Loan Installment Calculator
    • Loan Eligibility Calculator
    • Loan Offers

Corporate Loan Overview

This widget displays the following values:
  • Amount Financed: The total loan amount in local currency that has been lent by the bank to the corporate party.
  • Total Loans Financed: The total number of loans availed by the party.
  • Amount Repaid: The total loan amount repaid. This field is only displayed with OBCL.
  • Outstanding Balance: The outstanding amount in local currency that is yet to be repaid by the corporate customer.
The amount repaid and the outstanding balance are also visually represented on a line graph in percentage form.

Application Tracker

The Application Tracker widget allows the logged-in corporate user to view the progress summary of the various loan drawdown applications submitted from the Digital Banking Platform. Click on the View Details link to know the detailed progress of the applications. For more information, refer to the Application Tracker section in Oracle Banking Digital Experience Corporate Lending Origination user manual.

Corporate Loan Summary

This section displays a summary of loan accounts, mapped to the logged in corporate user, along with related information of each account.

For more information on fields, refer to field description table below:

Table 2-1 Loan Summary

Field Description
Loan Account Details Displays loan account number (in masked format), product name, along with the account nickname (if set).
Party ID Displays Customer ID (in masked format).
Party Name Displays name of the party under which the loan account is opened.
Party Reference Number Displays Party Reference Number under which the loan account is opened.
Bill Reference Number Displays Bill Reference Number under which the loan account is opened.
Amount Financed Displays the total loan amount in local currency that has been lent by the bank to the corporate party.
Interest Outstanding Displays Interest outstanding amount in contract currency.
Total Outstanding Displays the summary of Principal and Interest, that is total outstanding loan amount in contract currency.
Principal Outstanding (Local) Displays Principal outstanding amount in local currency equivalent.
Interest Outstanding (Local) Displays Interest outstanding amount in local currency equivalent.
Total Outstanding (Local) Displays the summary of Principal and Interest, that is total outstanding loan amount in local currency equivalent.
Maturity Date Displays the maturity date of the loan account.
Rate Displays the rate of interest on the loan.
Auto Payment Displays whether the auto payment facility is enabled for the loan account or not (Only available with Oracle Banking Corporate Lending (OBCL) 14.6.2.0.0).
  1. User can either specify the account number or party name in the search field and click Search Icon icon to search for a specific loan account.
  2. To view the details of loan account, click on the respective loan account number link.

    Refer to the Loan Account Details screen for more information.

  3. Click Download to download the account details and balances in CSV and PDF format.

    The Corporate Loan summary is downloaded as a password protected file. A message displays regarding the password to be used for opening the file.

  4. User can either click Tabular or Graphical to view the details in table or Graphical format.
    • If user can click Tabular, to view details in table format.
    • If user can click Graphical to view details of Principal Outstanding, Interest Outstanding, Total Outstanding, and Total Repaid.
  5. Click PDF to select the format in which the statement is to be downloaded.

    The statement gets downloaded.

  6. Click Preference to setup a column preferences by rearranging or removing columns.

    Note:

    1. The downloaded report will have the same columns as displayed on the UI as per user preference and also there will be an option to modify the column selection while downloading.
    2. The column preferences setup by the user will be saved for future reference that means in case the user revisits this screen, the preferred columns will only be displayed in the table.

Loans Maturing

This widget provides the option of viewing a graphical summary of overdue and upcoming installments of the primary party accounts or linked party accounts that the corporate user has access to. These installments are sorted based on the currency of the loan account and this widget provides an option to view graphical summary of loan account(s) of the primary party accounts or linked party accounts (if present) by using a currency selection drop-down in the top right corner of the widget.

The Line chart displays the following:

  • Overdue

    Contracts that are overdue as of the application date. The number of contracts and total outstanding are displayed.

  • Due in 30 days

    Contracts that are due in 30 days. The number of contracts and total outstanding are displayed.

  • Due in 31-60 days

    Contracts that are due in 31-60 days. The number of contracts and total outstanding are displayed.

  • Due in 61-90 days

    Contracts that are due in 61-90 days. The number of contracts and total outstanding are displayed.

  • Above 90 days

    Contracts that are due in 61-90 days. The number of contracts and total outstanding are displayed.

The Pie chart displays the following:

  • Overdue

    Contracts that are overdue as of the application date. The number of contracts and total outstanding are displayed.

  • Due – today

    Contracts that are due as of the application date. The number of contracts and total outstanding are displayed.

  • Due – 30 days

    Contracts that are due in the next 30 days from the application date. The number of contracts and total outstanding are displayed.

  • Due – 60 days

    Contracts that are due in the next 60 days from the application date. The number of contracts and total outstanding are displayed.

  • Due – 90 days

    Contracts that are due in the next 90 days from the application date. The number of contracts and total outstanding are displayed.

  • Due – 180 days

    Contracts that are due in the next 180 days from the application date. The number of contracts and total outstanding are displayed.

If user choose a date other than the application date in the future, the above data is displayed as per the chosen date. And also click the View All Loans link redirects to Loan Account Details screen.

Installments Due

This widget provides the option of viewing a summary of upcoming installments or overdue installments of the primary party accounts or linked party accounts that the corporate user has access to. An option is provided to pay the selected installment/overdue amount. This redirects the user to the Repayment screen.

  • Click the loan account number link to view the respective loan account details.

    Refer to the Loan Account Details screen for more information.

  • Click the Installment Details link.

    The Installment Details pop-up screen appears.

  • Click Pay Now to repay the installment.

    Refer to the Repayment screen for more information.

Quick Links

This section displays the quick links available for loan transactions. Click the particular link to access the specific loan transaction, namely,

  • Loan and Finance Repayment
  • Schedule Inquiry
  • Disbursement Inquiry
  • Loan Drawdown Request (Refer to the Oracle Banking Digital Experience Corporate Lending Origination user manual for more details.)

Loan Installment Calculator

This widget displays the loan calculator. It enables the user to calculate the installment for a particular loan amount, tenure, and interest rate.

Loan Eligibility Calculator

This widget enables the user to check the eligibility for a specific loan amount, given the income, the expenses, the required tenure and interest rate.

Loan Offers

This widget displays any offers on loans provided by the bank.