This topic describes the systematic instructions to initiate the loan simulation application.

1. From the Menu, click the Retail Origination and click Retail Origination.
2. Under the Retail Origination, click the Loan Simulation.
   The Loan Simulation screen displays.

   Figure 2-1 Loan Simulation

   
   

   
   Description of "Figure 2-1 Loan Simulation"

   
   
3. On Loan Simulation screen, specify the required fields.
   For more information on the fields, refer to the field description table below:

   Table 2-1 Loan Simulation

   Field	Description
   New Simulation	Click to add a new simulation.
   	Click this icon to refresh the page and display the updated records and simulation status.
   Simulation ID	Displays the simulation ID of older entries.
   Customer name	Displays the customer name.
   Mobile Number	Displays the mobile number of the applicant.
   SSN/National ID	Displays the SSN/National ID of the applicant.
   Status	Displays the loan status of the applicant.
   Action	Click Edit to edit the loan application of the applicant. Click View to view the loan application of the applicant.

4. Click on New Simulation to add new applicant.

   The New Simulation screen displays.

   Figure 2-2 New Simulation

   
   

   
   Description of "Figure 2-2 New Simulation"

   
   
5. Click on Add Applicant, to add the applicant details. The following screen displays

   Figure 2-3 Loan Simulation - Applicant Details

   
   

   
   Description of "Figure 2-3 Loan Simulation - Applicant Details"

   
   

   Table 2-2 Add Applicants

   Field	Descriptions
   Product Type	Select the product type of the applicant from the drop-down list. The available options are: Home Loan Education Loan Personal Loan Vehicle Loan
   Product	Select the product from the drop-down list based on the product type.
   Add Applicant	Click add applicant to add the new applicant.
   Applicant Role	Displays the applicant role. The available options are: Primary Joint
   Add Applicant By	Select the mode from which the user need to add new applicant. The available options are: Search Existing Customer - This option is used if the applicant is an existing customer of the bank. When a customer is selected, their details appear in the corresponding sections. Enter Manually - This option allows the user to manually enter all of the applicant's information.
   CIF Number	Search and select the CIF number. This field appears if the Search Existing Customer option is selected from the Add Applicant By drop down list. The system verifies whether the selected CIF number is valid or not . If the response is invalid CIF, an error message will indicate that the chosen CIF belongs to an Invalid Customer Status. The account opening process is not initiated by the customer.
   First Name	Specify the first name of the applicant.
   Middle Name	Specify the middle name of the applicant.
   Last Name	Specify the last name of the applicant.
   SSN/National ID	Specify the SSN/National ID.
   Date of Birth	Select the date of birth of the applicant.
   Address Details	This section displays the address details of the applicant.
   Add Address	Add the address of the applicant.
   Address Type	Select the address type from the drop-down list. The available options are: Communication Address Residential Address
   Location	Specify the location of the applicant.
   Current Address	Select the current from the drop-down list. The available options are: Yes No
   Preferred Address	Select the preferred address. The available options are: Yes No
   Address Since	Select the date when the applicant began residing at the specified address.
   Address From	Select the date when the applicant began residing at the specified address. This field appears if the No option is selected in the Current Address field.
   Address To	Select the date when the applicant last lived at the specified address. This field appears if the No option is selected in the Current Address field.
   Address	Specify the address to search for the already captured address. Based on the configuration, on entering a few letters, the system fetches the related address that is already captured. Based on the selection, the fields are fetched in the address section.
   Address Line 1	Specify the building name. Note: The maximum length is 35 characters.
   Address Line 2	Specify the street name. Note: The maximum length is 35 characters.
   Address Line 3	Specify the city or town name. Note: The maximum length is 35 characters.
   Country	Select and search the country code.
   State / Country Sub Division	Specify the state or country sub division. This field appears based on the selected country code.
   Zip Code/ Pin Code	Specify the zip or post code of the address.
   Contact Details	This section displays the contact details.
   Add Contact	Add the contact details of the applicant.
   Communication Mode	Select the communication mode from the drop-down list. The available options are: Mobile Phone Email
   Contact Sub Type	Select the contact type from the drop-down list. The available options are: Residence Business Mobile Others
   Preferred	Select to indicate if the given record is the preferred one.
   Action	Click delete to delete the contact details.
   Identification Details	This section displays the identification details.
   Add ID	Add the ID details of the applicant.
   ID Type	Select the ID type from the drop-down list.
   ID Status	Select the ID status from the drop-down list. The available options are: Available Applied For
   Unique ID	Specify the unique identification code of the selected type.
   Place of Issue	Specify the place where the ID is issued to the user.
   Issue Date	Specify the date from which the ID is valid.
   Expiry Date	Specify the date till which the ID is valid.
   Remarks	Specify the remarks. Click the Save button to save the entered ID details.
   Preferred ID	Select the preferred ID from the drop-down list. The available options are: Yes No
   Save	Click save to save the application.
   Cancel	Click cancel to cancel the application.

6. Click Save to define the loan requirements. The following screen displays

   Figure 2-4 Loan Requirements

   
   

   
   Description of "Figure 2-4 Loan Requirements"

   
   

   Table 2-3 Loan Requirements

   Field	Description
   Loan Requirements	Displays the loan requirements details.
   Currency	Select preferred currency from the drop-down list.
   Loan Amount	Specify the loan amount.
   Years	Specify the loan tenure years.
   Months	Specify the loan tenure in months
   Rate Type	Displays the rate type. The system fetches the rate type from host back end product to which this loan account is mapped via the Business Product configuration.
   Loan Purpose	Select the purpose of the loan from the drop-down list.
   Simulate	Click simulate to simulate the loan application. During simulate the system will lockup in the Origination preferences configuration for the default Stage that needs to be considered for Loan Simulation (e.g. EPI,, POI etc.)

7. Click Simulate.
   The Simulation details display on the screen.

   Figure 2-5 Loan Simulation

   
   

   
   Description of "Figure 2-5 Loan Simulation"

   
   
   Using validation model, validations such as gender-based or minor-related eligibility checks are performed during Loan Simulation.
8. Click the Principal link.
   A pop-up displays the breakdown of principal amount, that are:

   • Requested Loan Amount: Displays the original loan amount.
   • Capitalized Charge: Displays the sum of all the charges capitalized in the Charge Details screen.
   • Total: Displays the sum of requested loan amount and capitalized charges.
9. Click Interest Rate.
   The Interest Details section displays the interest applicable for the account.

   Figure 2-6 Interest Rate

   
   

   
   Description of "Figure 2-6 Interest Rate"

   
   
10. Click Charge details.
    The Charge Details section enables the user to display the charges applicable for this loan application.

    Figure 2-7 Charge Details

    
    

    
    Description of "Figure 2-7 Charge Details"

    
    
11. Click View Schedule. The schedule window appears based on the selected interest rate.
    The below screen shot refers the View Schedule screen.

    Figure 2-8 View Schedule

    
    

    
    Description of "Figure 2-8 View Schedule"

    
    
12. Click View Credit Rating. The view credit rating window appears based on the selected applicant credit details.
    The below screenshot refers the View Credit Rating screen.

    Figure 2-9 View Credit Rating

    
    

    
    Description of "Figure 2-9 View Credit Rating"

    
    
13. Click Execution Summary.
    The Execution Summary screen displays.

    Figure 2-10 Execution Summary

    
    

    
    Description of "Figure 2-10 Execution Summary "

    
    
14. Click Terminate to terminate the application. Or Click Save and Close to save the application. Or Click Apply to apply for the loan application.

    The system automatically expires inactive loan simulations and updates them to the Expired status based on the number of inactive days set in the Origination Preference screen. For more information, refer to the Origination Preference topic in the Configuration Guide.