How to reach here:
Customers should be able to view details of all Islamic loans held with the bank including those that are currently closed. The loans dashboard, hence, displays a widget containing a summary of such closed loan accounts. The customer can view additional details of closed loans by selecting the ‘View All’ link on this widget. The account details page of closed accounts displays information similar to that of active loans.
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:
Dashboard > Loans and Finances > My Loans page > Overview > Closed Loans Card > Closed Loan Account Card > Closed Loan Account Card Details
To view closed loan card details:
Closed Loan Account Card
Field Description
|
Field Name |
Description |
|---|---|
|
List of Cards |
Displays the list of closed loan cards. |
|
Customer Name |
Names of the loan account holders. Depending on the holding pattern, one or multiple names will be displayed. |
|
Product/ Offer Name |
Name of the loan offer /product. |
|
Loan Account Number |
The loan account number in masked format along with the account nickname. The account number will be masked as per account number masking configurations. For more information on Account Nickname, click here. |
|
Interest Rate |
Interest rate charged on the loan account. Note: It displays the net interest rate applicable to the loan account as on the inquiry date. |
|
Outstanding Amount |
Outstanding loan amount along with the currency. |
Closed Loan Details
Field Description
|
Field Name |
Description |
|---|---|
|
Customer Name |
Names of the loan account holders. Depending on the holding pattern, one or multiple names will be displayed. |
|
Loan Account Number |
The loan account number in masked format along with the account nickname. The account number will be masked as per account number masking configurations. For more information on Account Nickname, click here. |
|
Account Details |
|
|
Customer ID |
Customer ID associated with the financing account in masked format. Note: It displays the primary customer ID of the account in case of joint account. |
|
Opening Date |
Financing account opening date. |
|
Maturity Date |
Financing account maturity date. |
|
Status |
Status of financing account. Note: Since the details are being viewed of a loan account that has been closed, the status will be ‘Closed’. |
|
Profit Rate |
Profit rate applicable to the financing account. Note: It displays the net interest rate applicable to the loan account as on the inquiry date. |
|
Facility ID |
The facility ID under which the financing account has been opened. |
|
Branch |
The branch in which the financing account was held. |
|
Financing Details |
|
|
Financed Amount |
The amount of loan that the bank had agreed to provide the customer/s. |
|
Financed Amount Disbursed |
The total amount of loan given to the customer. |
|
Purpose Of Financing |
|
|
Amount Re-paid Till Date |
Total loan amount repaid by the customer till date with currency. |
|
Outstanding Finances |
The total amount due to be paid by the customer. |
|
Customer Grace Period And Frequency |
Customer grace period and frequency. Note: This field appears only for Murabaha product. |
|
Supplier Grace Period And Frequency |
Supplier grace period and frequency. Note: This field appears only for Murabaha product. |
|
Linked Murabha bill |
The bill reference number associated with Murabaha finance contract. |
|
Bank Profit Share |
Bank profit share (percentage) details (the percentage of profit that the bank gets in case of a profitable return on the Mudaraba account). Note: This field appears only for Murabaha product. |
|
Customer Profit Share |
Customer profit share (percentage) details (the percentage of profit that you get in case of a profitable return on the Mudaraba account). Note: Note: This field appears only for Murabaha product. |
|
Lease Type |
Type of the lease. Note: This field appears only when the selected account is opened under Ijaraha or Tawarooq product. |
|
Lease Payment Mode |
Type of payment mode opted. Note: This field appears only when the selected account is opened under Ijaraha or Tawarooq product. |
|
Bank Share |
Finance sharing ratio of the bank. Note: This field appears only for Murabaha product. |
|
Customer Share |
Customer finance sharing ratio on Musharaka account. |
|
Repayment |
|
|
Finance Payment Frequency |
Repayment frequency of the financed amount. It could be:
|
|
Repayment Mode |
Repayment mode for the account as set up in the processing system. |
|
Advance Payment Amount |
Amount paid in advance. Note: This field appears only for Murabaha product |
|
Profit Rate for Advance Payment |
Profit rate for advance payment. Note: This field appears only for Murabaha product. |
|
Profit Rate for Late Payment |
Profit rate for late payment as penalty by the customer on payment made. Note: This field appears only for Murabaha product. |
|
Installments |
|
|
Financing Tenure |
Tenure of the financing or duration, in years and months, for which the financing amount is sanctioned. |
|
Total Installments |
Total number of installments applicable for the financing account. |
|
Installments Paid |
Total number of installments paid till date. |
|
Remaining Installments |
Number of installments remaining for payment of the financing account. |
|
Next Installment Date |
Due date of next installment. |
|
Next Installment Amount |
Amount to be paid as next installment. |
|
Arrears |
|
|
Principal Arrears |
Outstanding principal balance on the financing account as on date. |
|
Profit Arrears |
Pending profit arrears for the financing account. |
|
Bank Profit Due |
Outstanding profit to be repaid. |
|
Other Fees |
Fees and service charges applied on the financing account. |