Loan Details
This screen contains the loan account details. A user can view account information, add / update / delete nickname here. He can view the disbursement details, outstanding amount, repayment details and arrears, at a glance.
The user can also download pre-generated statements and download summary of transactions from the Account Details screen.
How to reach here:
Dashboard > Toggle menu > Accounts > Loans and Finances > Overview > Loan Account Summary > Loan Details
Field Name |
Description |
---|---|
Select Account |
Account number in masked format along with the account nickname. The account number could be either the user’s PartyA party is any individual or business entity having a banking relationship with the bank. account or any linked party accounts that he has access to. If the user has set a nickname for the account, it will be displayed. Else he has the option to add it here. |
Product Name |
The product under which account is opened. |
Add Nickname |
The user defined description of the CASACurrent Account or Savings Accounts are operative accounts through which account holders perform day to day operations such as deposits and withdrawal of money. accounts will be displayed. Click , to add nickname, for more information on Account Nickname, click here. |
Account Details |
|
Customer ID |
The primary account holder’s customer ID in masked format. |
Opening Date |
The date on which the loan account was opened. |
Maturity Date |
The date on which the loan account will mature. |
Status |
The current status of the loan account. |
Interest Rate |
The interest rate charged on the loan. |
Facility ID |
The facility ID under which the loan account has been opened. |
Branch |
The branch in which the loan account is held. |
Loan Amounts |
|
Sanctioned Loan Amount |
The amount of loan that the bank has agreed to provide to the customer/ s. |
Total Amount Disbursed |
The actual amount of loan that the bank has given the customer till date. |
Amount Re-paid till Date |
Total loan amount repaid by the customer till date. |
Outstanding Amount |
The total amount due to be paid by the customer. |
Repayment |
|
Interest Frequency |
Intervals at which the interest is to be paid. It could be:
|
Principal Frequency |
Intervals at which the principal is to be repaid. It could be:
|
Repayment Mode |
The mode through which loan repayments are to be made as set up in the processing system. For e.g. repayments could be made via account transfer, direct debit or cheque. |
Late Payment Penalty |
The percentage rate charge applicable in case of default in repayment. |
Prepayment Penalty |
The percentage charge applicable in case the loan is prepaid. |
Installments |
|
Loan Tenure |
The duration for which the loan amount is sanctioned in terms of years/ months /days. |
Total Installments |
The total number of scheduled payments to be made towards repaying the loan. |
Remaining Installments |
The number of scheduled payments remaining towards repaying the loan completely. |
Next Installment Date |
The date on which the next loan payment is due. |
Next Installment Amount |
Amount to be paid as next installment. |
Arrears |
|
Principal Arrears |
The amount due on the loan principal after having missed one or more repayment installments. |
Interest Arrears |
The amount due towards loan interest payment. |
Late Payment Charges |
The charges levied on any late payment of a loan installment. |
Other Fees |
Other/ miscellaneous fees applicable on the loan account. |
Transactions This section displays the account activity. |
|
Date |
Date of the transaction. |
Description |
Description of the transaction. |
Reference No |
Reference number of the transaction. |
Amount |
Transaction amount along with the type of the transaction (credit or debit). |
To view the loan account details:
- Click to search transactions, in Transactions section.
The Transactions screen to search specific transactions appears. - From the Select Account list, select the appropriate account.
- Enter the appropriate search criteria.
- Click
OR
Click to clear the entered details.
OR
Click to navigate to the previous screen.
. Based on search criteria search result appears.
Transactions -Search Criteria
Field Name |
Description |
---|---|
Select Account |
Loan account number of the user in the masked format. |
Balance |
Application displays the Account balance of the selected source account. |
Search By |
The transaction period. Options are:
|
Date From / Date To |
The start and end date range of the transaction – for a date bound search. Start date cannot be greater than end date. This field appears if you select the Select Date Range option in the Search By list. |
Reference Number |
Reference number of transaction. |
Transaction Type |
The type of the transaction. Options are:
|
Search Result |
|
Date |
The date on which the transaction is processed. |
Description |
The brief description for the transaction. |
Reference Number |
Reference number of transaction. |
Amount |
The debit/ credit amount of the transaction. |
- Click , to download transaction summary in a specific format.
- Click on
OR
Click to navigate to the previous screen.
, to generate a pre-generated statement.
You can also perform following account related transactions using Loan Details- Quick Linkssection:
- To make a repayment in the loan account, click Loan Repayment.
- To view loan repayment schedule, click Schedule Inquiry.
- To view disbursement details, click Disbursement Inquiry.
Note: To navigate to Overview screen, click .
Pre-generated Statement
Pre-generated statements are statements that have been generated by the core banking application, for an account. Through this option, the user can view a statement that was generated previously – he may want to do this if he has missed a past statement for some reason. (Like accidentally deleting e-statements or misplacing his mail in case of a physical copy).
To download pre-generated statements:
- In the Loan Details screen, click the Pre-generated Statement to view the pre-generated statement.
The pop-up screen prompting you to download the pre-generated statement appears.
Field Name |
Description |
---|---|
Period |
|
Year |
The year of the pre-generated statement. |
Month |
The month of the pre-generated statement. |
Statement Number |
Statement number assigned to a statement. |
From |
Start date of the statement. |
To |
End date of the statement. |
Download |
Click the link to download the statement. |
- From the Period list, select the desired year and month of the pre-generated statement.
- Click to search for the statement for the selected period.
- Click on Download column (.pdf) to Save / Print the statement.