Loan Details

Customers need to know their loan account details and account preferences under which the account is opened. The Loan account details screen provides these information to the customer.

Customer can view account’s basic information such as personal information, holding patterns, disbursement details, outstanding amount, and repayment details and arrears.

Note: The loan features like Repay, Schedule, and DisbursementDisbursement is the process by which the sanctioned loan amount is paid to the customer or seller (on behalf of the customer). Details are not available for closed loan accounts.

How to reach here:

Overview > Loan Account Summary > Loan Details

Field Description

Field Name	Description
Select Account	Loan account number in masked format.
Product Name	Name of the loan account.
Borrowing
Sanctioned Amount	Sanctioned loan amount along with the currency.
Opening Date	Loan account opening date.
Maturity Date	Loan account maturity date.
Interest Rate	Interest rate applicable to the loan account. Note: It displays the net interest rate applicable to the loan account as on the inquiry date.
Disbursed Amount	Disbursed loan amount along with the currency.
Loan Branch	Branch in which loan account is opened.
Account Status	Status of the loan account. Note: It displays the Closed status for closed loan accounts.
Facility ID	Facility Id under which loan account is opened.
Arrears
Amount Prepaid	Total amount repaid by the customer on the loan, till date. with currency
Outstanding Amount	Outstanding loan amount along with the currency.
Principal Arrears	Pending principal arrears for the loan account.
Interest Arrears	Pending interest arrears for the loan account.
Late Payment Charges	Late payment charges for the loan account.
Fees	Other fees applicable for the loan account.
Repayment
Loan Term	Tenure of the loan.
Total Installments	Total number of installments applicable for the loan account.
Remaining Installments	Remaining installments in the loan account as on the date of inquiry.
Next Installment Date	Date of next installment .
Next Installment Amount	Amount to be paid as next installment .
Late Payment Penalty	Rate of interest charged in case of default in repayment.
Pre Payment Penalty	Rate of interest to be paid as penalty by the customer on payment made in advance on the loan.
Transactions
Date	Date of the transaction performed.
Description	Description of the transaction performed.
Reference No	Reference number of the transaction performed.
Amount	Transaction amount along with the type of the transaction performed that is either credit or debit..

To view the loan account details:

• From the Select Account list, select the appropriate account.
  The loan details for the particular account appears on the screen.
• Click to search transactions.
• Enter the search criteria.
  Based on search criteria search result appears.

You can also perform following account related transactions:

• To make a repayment in the loan account, click Loan Repayment.

1.  To view loan repayment schedule, click Schedule Inquiry.
2. To view disbursement details, click Disbursement Inquiry.
3. To request for the loan accounts statement, click Statement Request.

Note: To navigate to Overview screen, click Back.

FAQs

Can I make joint application for loans?

Yes, many institutions considers the joint incomes of the applicants for deciding eligiblity of the loan amount.

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