1. Retail Loans Origination User Guide (US Regionalization)
  2. Retail Loans Account Origination Process
  3. Post Offer Amendment Stage
  4. Loan Disbursement Details

Loan Disbursement Details

This topic describes systematic instructions to configure loan disbursement post offer amendment details.

The Loan Disbursement Details are pushed into the host as a part of account open process data share – API's are provided for the same. The Loan Disbursement Details enables the user to capture the various disbursement methods.

To add loan disbursement details:

  1. Click Next in the previous data segment to proceed with the next data segment, after successfully capturing the data.

    If Account Type is selected as Own Internal Account in Loan Details data segment.

    The Loan Disbursement Details - Own Internal Account screen displays.

    Figure 2-61 Loan Disbursement Details – Own Internal Account


    Description of Figure 2-61 follows
    Description of "Figure 2-61 Loan Disbursement Details – Own Internal Account"

    If Account Type is selected as Other Internal Account in Loan Details data segment

    The Loan Disbursement Details - Other Internal Account screen displays.

    Figure 2-62 Loan Disbursement Details – Other Internal Account


    Description of Figure 2-62 follows
    Description of "Figure 2-62 Loan Disbursement Details – Other Internal Account"

    If Account Type is selected as External Account in Loan Details data segment

    The Loan Disbursement Details - External Account screen displays.

    Figure 2-63 Loan Disbursement Details – External Account


    Description of Figure 2-63 follows
    Description of "Figure 2-63 Loan Disbursement Details – External Account"

    If Account Type is selected as GL Account in Loan Details data segment.

    Figure 2-64 Loan Disbursement Details – GL Account


    Description of Figure 2-64 follows
    Description of "Figure 2-64 Loan Disbursement Details – GL Account"

  2. Specify the details in the relevant data fields. For more information on fields, refer to the field description table below.

    Table 2-46 Loan Disbursement Details – Field Description

    Field Description
    Settlement Required Select the toggle to indicate whether the settlement required. By default, this toggle is ON. The user can turn OFF the toggle to move forward without entering the disbursement related details.
    Requested Loan Amount

    Displays the requested loan amount from the Product Details Data Segment.

    Click
    Information
    icon to view the breakup of the requested loan amount. The icon displays Loan Amount, Capitalized Charges and Total Loan Amount. This icon appears if the charges are capitalized.

    Loan Amount

    Displays the requested/approved loan amount.

    • This field displays the requested loan amount from the Product Details Data Segment in Application Enrichment stage.
    • This field displays the approved loan amount from the Decision service in Account Parameter Setup stage.

    Click icon to view the breakup of the requested loan amount. The icon displays Loan Amount, Capitalized Charges and Total Loan Amount. This icon appears if the charges are capitalized.
    First Disbursement Date Select the first disbursement date.
    Multiple Select the toggle to indicate if the multiple disbursement is required.
    Frequency Based

    Select the toggle to enable the frequency-based loan disbursement.

    This field displays if the Multiple disbursement toggle is ON.

    Disbursement Frequency

    Select the frequency based on which the disbursement dates are updated. Available options are:

    • Monthly
    • Weekly
    • Fortnightly
    • Quarterly
    • Half Yearly
    • Yearly

    This field is read-only and defaulted to User Defined if the Frequency Based toggle in OFF.

    Number of Disbursement Select the number of disbursements.
    Disbursement Schedule

    The below fields in Table grid displays only if the Multiple disbursement toggle is ON.

    • Stage
    • Date
    • Amount Of Disbursement
    • Total Disbursement
    Stage Specify the stage name when the specified amount must be disbursed.
    Date

    Select the date when the specified amount must be disbursed.

    This field is in read-only if the Frequency Based toggle is ON.

    Amount Of Disbursement Specify the amount disbursed on the schedule.
    Total Disbursement Displays the total disbursement.
    Disbursement Mode

    Select the disbursement mode from the drop-down list. Available options are:

    • Own Internal Account
    • Other Internal Account
    • External Account
    • GL Account

    If Disbursement Mode is selected as Own Internal Account, then the system displays the following additional fields:

    • Customer Account
    • Branch Code

    If Disbursement Mode is selected as Other Internal Account, then the system displays the following additional fields:

    • Customer Account
    • Account Name
    • Branch Code

    If Disbursement Mode is selected as External Account, then the system displays the following additional fields:

    • BIC Code
    • Bank
    • Branch
    • External Account Number
    • Beneficiary Name

    If Disbursement Mode is selected as GL Account, then the system displays the following additional fields:

    • GL Account Number
    • GL Account Description
    Customer Account

    Search and select the customer account number.

    This field appears if the Disbursement Mode is selected as Own Internal Account and Other Internal Account.

    Note: The disbursement account currency can be different than that of the loan account currency.

    Account Name

    Displays the account name based on the account selected.

    This field appears if the Disbursement Mode is selected as Other Internal Account.

    Branch Code

    Displays the branch code associated with customer account number.

    This field appears if the Disbursement Mode is selected as Own Internal Account and Other Internal Account.

    BIC Code

    Specify the BIC Code.

    This field appears if the Disbursement Mode is selected as External Account.

    Bank

    Displays the bank name based on the selected BIC code.

    This field appears if the Disbursement Mode is selected as External Account.

    Branch

    Displays the branch name based on the selected BIC code.

    This field appears if the Disbursement Mode is selected as External Account.

    External Account Number

    Specify the external account number.

    This field appears if the Disbursement Mode is selected as External Account.

    Beneficiary Name

    Specify the beneficiary name.

    This field appears if the Disbursement Mode is selected as External Account.

    GL Account Number

    Displays the GL account number. The system defaults the GL Account configured for the product.

    This field appears if the Disbursement Mode is selected as GL Account.

    GL Account Description

    Displays the GL account description.

    This field appears if the Disbursement Mode is selected as GL Account.

  3. Click Search icon in Customer Account field to select the customer account.
    This field displays if the Disbursement Mode is selected as Own Internal Account and Other Internal Account.
    The Customer Account screen displays.

    Figure 2-65 Customer Account


    Description of Figure 2-65 follows
    Description of "Figure 2-65 Customer Account"

  4. Specify the details in the relevant data fields. For more information on fields, refer to the field description table below.

    Table 2-47 Customer Account – Field Description

    Field Description
    Customer ID Specify the Customer ID.
    Customer Account Specify the Customer Account.
  5. Click Fetch to fetch the customer account details.
    The Table grid displays the below fields.

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

    Table 2-48 Customer Account – Field Description

    Field Description
    Customer ID Displays the customer ID.
    Name Displays the customer name.
    Branch Code Displays the branch code.
    Customer Account Displays the customer account number.
    Currency Displays the currency of the customer account.

Parent topic: Post Offer Amendment Stage