3.10.1 Approval Details
This topic provides the systematic instructions to view and approve the application.
- On acquiring the Supervisor Approval stage the Approval Details
data segment appearsThe Approval Details screen displays.
- Specify the fields on Approval Details screen.
Note:
The fields, which are marked with an asterisk, are mandatory.Table 3-36 Approval Details – Field Description
Field Description Applicant Name Displays the applicant name. Account Type Displays the account type. Account Branch Displays the account branch name. Product Code Displays the product code selected for this loan account. Product Name Displays the product name selected or this loan account. Existing Values Displays the existing values. Approved Loan Amount Displays the final loan approved amount. Loan Tenure Displays the final loan tenure for the approved amount. Installment Type Displays the installment type. Rate of Interest Displays the rate of interest for the approved loan amount. Margin Displays the margin proposed by Decision Service. Note : This field displays if the Rate Type is selected as Floating.
Variance Displays the variance proposed by Decision Service. Note : This field displays if the Rate Type is selected as Fixed.
Effective Rate Displays the calculated effective rate. Revised Values Displays the revised values against the existing values. Note : If there is no change in the existing values, the revised values will not be displayed.
Approved Loan Amount Displays the final loan approved amount. Loan Tenure Displays the final loan tenure for the approved amount. Installment Type Displays the installment type. Rate of Interest Displays the rate of interest for the approved loan amount. Margin/ Variance (%) Click the link of margin or variance in percentage. It displays the pop-up list of all margins.- Product Margin
- Risk based Margin
- Discretionary Margin
- Relationship Benefit Margin
- Bundle Margin
The Margin field appears if the Rate Type is selected as Floating.
The Variance field appears if the Rate Type is selected as Fixed.
The Bundle Margin is displayed in the drop-down list only if loan is opened as part of a bundle application and bundle margin benefit is applicable.
Effective Rate Displays the effective rate. Component Considered Displays the component considered. User Recommendation Select the user recommendation. The available options are:- Approved
- Rejected
User Action Displays the user action based on user recommendation. - Click Next to navigate to the next data segment, after successfully capturing the data. The system will validate all mandatory data segments and data fields. If mandatory details are not provided, the system displays an error message for the user to take action. User will not be able to proceed to the next data segment, without capturing the mandatory data.
Parent topic: Supervisor Application Approval Stage