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

This section captures the financial information of the business, which includes the business’ monthly income and expenses as well as information related to the assets held by the company and any liabilities that the business might have.

Figure 1-18 Loan Requirements

Description of "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.