Loan and Finances Details

The details page displays important information pertaining to a Islamic Finance account such as the account holding pattern and the names of all the account holders, important dates associated with the Islamic Finance such as the opening date and maturity date, the current status, profit rate and the branch in which the finance is held.

Financing Details – This section comprises of information such as the financed amount, financed amount disbursed, the amount repaid till date and the outstanding finances.
Repayment – This section displays repayment details that comprise of finance payment frequency, repayment mode and the profit rate for advance payment, profit rate for late payment.
Installments – This section displays loan installment details such as the financing tenure, total installments, the number of installments remaining as well as the next installment date and amount.
Arrears – This section displays information pertaining to arrears including amount of principal arrears, installment arrears, bank profit due and any other fees applicable.

You are here How to reach here:

Dashboard > Loans and Finances > My Loans page > Overview > Account Card > Loan Details
OR
Accounts > Loans and Finances > Overview > Account Card > Loan Details

To view loan account details:

Field Description

Field Name	Description
Customer Name	Names of the finance account holders. Depending on the holding pattern, one or multiple names will be displayed.
Loan Account Number	Financing account number in masked format along with the account nickname. Click , to add nickname , for more information 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	Date on which the Islamic Finance account was opened.
Maturity Date	Date on which the Islamic Finance account will mature.
Status	Current Status of the account. Note: Note: It displays the Closed status for closed loan accounts.
Profit Rate	Profit rate applicable to the account. Note: It displays the net interest rate applicable to the loan account as on the inquiry date.
Facility ID	Facility Id under which financing account is opened.
Branch	Branch in which the account is held.
Financing Details
Financed Amount	The amount of finance that bank has agreed to provide to the customer/s.
Financed Amount Disbursed	Amount disbursed along with the currency till date
Amount Re-paid till Date	Total amount repaid by the customer till date with currency.
Outstanding Finances	Outstanding amount for the account.
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: 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: Daily Weekly One Time Payment monthly Bi monthly quarterly semi-annually annually
Repayment Mode	Repayment mode for the financing 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.

User can also perform following account related transactions:

Add account nickname/ modify/ delete nickname , For more information, click here.
To view repayment schedule, click Schedule.
To view disbursement details, click Disbursement Details.
To make a repayment in the loan account, click Repay.

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