AUTO LOANS APPLICATION

TRANSACTION HOST INTEGRATION MATRIX

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No Host Interface Required.

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Pre integrated Host interface available.

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Pre integrated Host interface not available.

 

SR No

Transaction / Function Name

Oracle FLEXCUBE Core Banking

11.7.0.0.0

Oracle FLEXCUBE Universal Banking

14.2.0.0.0

Oracle FLEXCUBE Universal Banking

14.3.0.0.0

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Auto Loan Application SubmissionClosedA submission contains one or more applications submitted by the applicants in a single request.

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Introduction

An auto or vehicle loan is a secured personal loan taken to purchase a new or used vehicle. In an auto loan, the vehicle being purchased is considered as the collateral on the loan.

Following are the steps involved in the application submission:

The following sections, apart from Document Upload, Review and Submit and Confirmation will be displayed in the order as defined by the bank administrator in the workflow configuration screen:

Note: The process type used for integration with UBS is BPMN.

You are here How to reach here:

Dashboard > Auto Loan

To apply for an auto loan:

  1. Select Auto Loans on the product showcase screen.
  2. The Orientation page is displayed.

Orientation Page

  1. Click Continue as guest, if you are a new / unregistered user.
    OR
    Click any social media (LinkedIn / Facebook) icon to login through the specific social media profile.
    OR
    Click Login if you are a registered user.
    OR
    Click Cancel to abort the loan application process.
  2. The section defined as the first in the workflow configuration screen will be displayed.

Field Name

Description

Estimated Value

Specify the estimated value of the vehicle.

If you have applied from the dealer page by selecting the make and model, then the estimated value of the vehicle as displayed on the dealer page will be defaulted and available for edit

Down payment towards Vehicle Purchase

Specify whether you are going to make any down payment towards vehicle purchase.

Down payment Amount

Specify the amount that you wish to pay as down payment towards purchase of the car. This field appears only if you have selected the option Yes against the field Down payment towards Vehicle Purchase.

If you have applied from the dealer page by selecting the make and model, then the down payment value if specified on the dealer page will be defaulted and available for edit.

How much would you like to borrow ?

The loan amount that you would need to borrow. This amount will be displayed based on the difference between the estimated value of the vehicle and the down payment amount.

Loan Term

The tenure of the loan in terms of years and months.
  1. Enter the relevant loan requirement details such as, estimated value, down payment amount, if you are making down payment, and loan term.
  2. Click Continue, The next section is displayed.

Vehicle Information

In the vehicle information section, enter vehicle details such as whether the vehicle is new or used, vehicle identification number, registration state, year of manufacturing, make, model, and mileage of the vehicle in case of used vehicle.

Field Name

Description

New or Used

Specify whether you are planning to purchase a new or used vehicle.

Vehicle Identification Number

Enter the vehicle identification number.

This field is optional if the vehicle being purchased is a new vehicle.

Year

Specify the year in which the vehicle was manufactured.

If the vehicle being purchased is a used vehicle, there will be an additional validation to ensure that the vehicle is not older than a certain age as defined by the bank. This age in years is displayed against the field name.

Make

Specify the vehicle manufacturer company name.

Model

Specify the vehicle model name.

The values in this field will be displayed based on the make selected. If you select Others, then there will be a field enabled to capture the model name.
  1. Click Continue to proceed with the loan application process.

Primary Information

Field Name

Description

Salutation

Select the salutation/title applicable to you. Examples of salutation are Mr., Mrs., Dr. etc.

First Name

Enter your first name.

Middle Name (Optional)

Enter your middle name. This field is optional.

Last Name

Enter your last name.

Date of Birth

Specify your date of birth in MM/DDClosedDirect Debit/YYYY format.

The system validates your date of birth so as to identify whether you have attained age of majority.

Gender

Select your gender.

The options are:

  • Male
  • Female
  • Other
  • Prefer not to disclose

Marital Status

Specify your marital status.

The options are:

  • Married
  • Remarried
  • Divorced
  • Separated
  • Single
  • Spouse Expired

Dependents

Specify the number of people dependent on you.

Nationality

Select your country of nationality.

Permanent Resident

Specify whether you are a permanent resident in the country in which you are applying for the account.
  1. Click Continue . The next section is displayed.

Contact Information

In the contact information section enter contact details encompassing your email address, phone numbers and permanent residential address.

You may be required to enter your mailing address in case your mailing address is different from that of your residential address.

Field Name

Description

Email

Email

Enter your email address.

Please confirm your email ID

Re-enter your email address to confirm the same.

Phone Number

Phone Type

Select the phone number type that you want to define.

The options are:

  • Personal Mobile
  • Personal Landline
  • Work Landline

Phone Number

Enter your phone number corresponding to the selected phone type.

Add an additional phone number?

You can select Yes if you want to add an additional phone number. It is not mandatory to add an additional phone number.

Phone Type

Type of phone number that is being added.

The options available will be all the phone types other than the one selected in the previous phone type field.

This field is displayed if you select Yes in the Add an additional phone number field.

Phone Number

Enter the phone number corresponding to the selected phone type.

This field is displayed if you select Yes in the Add an additional phone number field.

Permanent Residence

Country

Enter the name of the country in which you reside on a permanent basis.

Address 1-2

Enter your Address details.

City

Enter the name of the city in which you reside on a permanent basis.

Zip Code

Enter your zip code of your permanent residence.

Accommodation Type

The type of accommodation in which you reside on a permanent basis.

The accommodation types are:

  • Self Owned
  • Company Provided
  • Other

Is your mailing address the same as above ?

Specify whether your mailing address is same as that of your permanent address. If you select option No, you will be required to enter your mailing address.

The options are:

  • Yes
  • No

Mailing Address

These fields appear if you select option No against the Is your mailing address the same as above? field.

Country

Select the country of your mailing address.

Address Line 1-2

Enter details of your mailing address.

City

Enter the name of the city of mailing address.

Zip Code

Enter the zip code of your mailing address.

Proof of Identity

In this section specify details of your passport that can serve as proof of identity. The details include your passport number, the date of issue and expiration date.

 

Field Name

Description

Passport Number

Enter your passport number.

Issue Date

Enter the date on which your passport is issued. This date can be found printed on your passport.

Expiration Date

Enter the date on which your passport will expire. This date can be found printed on your passport.
  1. Click Continue to save the identification information. The next section is displayed.

Employment Information

In this section enter details of your current employment.

Field Name

Description

Employment Type

Select the type of your current primary employment.

The types are:

  • Full Time Permanent
  • Full Time Temporary
  • Part Time
  • Self Employed
  • Retired Pensioned
  • Retired Non Pensioned
  • Unemployed
  • Other

Company or Employer Name

Select the name of the company or firm at which you are employed.

This field is displayed if you have selected Full Time Permanent, Full Time Temporary, Employed, Part Time or Self Employed from the Employment Type list.

Income

In this section enter details of all income that you want to be considered. You can add multiple records of income up to a defined limit. Click the Add icon to add additional income records and the Deleteicon against a specific record to delete it.

Field Name

Description

Source of Income

Identify the source of your primary income i.e. the means through which you earn regular income. Examples of source of income can be rental income, salary, etc.

Frequency

The frequency at which you earn the particular income.

Income

The amount of income earned from the particular source.

Expenses

In this section enter details of all expenses you incur on a regular basis. You can add multiple expense records up to a defined limit. Click the Add Another Income Icon icon to add additional expense records and the Delete Record icon against a specific record to delete it.

Field Name

Description

Primary Expense

Expense

The type of expense.

Frequency

The frequency at which you incur the specific expense.

Amount

The total value of expenditure against the specific type identified.
  1. Click Save to update the expense details.
  2. Click Continue to proceed with the next section.
    OR
    Click Add Another Income Icon to add another expense record.

Assets

In this section enter details of all assets owned by you. You can add multiple asset records up to a defined limit. Click the Add Another Income Icon icon to add additional asset records and the Delete Record icon against a specific record to delete it.

Field Name

Description

Primary Assets

Type of Asset

The type of asset owned by you.

Value

The market value of the asset.
  1. Click Save .
  2. Click Continue to proceed with the next section.
    OR
    Click Add Another Income Icon to add another asset record.

Liabilities

In this section enter details of all your liabilities. You can add multiple records up to a defined limit. Click the Add Another Income Icon icon to add additional records and the Delete Record icon against a specific record to delete it.

Field Name

Description

Primary Liability

Liability

Select the type of liability you want to define.

Total Amount

Identify the original value of the liability.

Balance Due

Enter the current outstanding value of the liability.

Repayment Frequency

Enter the frequency at which you repay the liability.
  1. Click Save.
  2. Click Continue to proceed with the loan application process.

    OR

    Click Add Another Income Icon to add another liability record.

This section displays all the product offers applicable to you. You can select any one offer that best suits your needs.

  1. Select a suitable offer.
  2. Click Continue.
  3. Click Review and Submit. The review screen is displayed.

Document Upload

Through this screen you can upload documents serving as various proofs which are required for the processing of your application. You can navigate to this screen by selecting the provided Upload Document icon on the application.

To upload a document

Document Upload

Field Name

Description

Attach Document

On selecting this link, the browse option is opened, by which you can select the required file to upload.

Review and Submit

This page displays all the information you have entered in the application. You can verify that all the information provided by you is correct and make any changes if required.

  1. Click Edit against any section if you wish to edit any information that is part of that section.
  2. Once the details are edited click Continue.
  3. Once you have verified all the information and have provided consent to all the disclosures click Submit. The screen confirming application submission will be displayed which will contain the application reference number, and any additional steps that might need to be undertaken by you or the financial institution.

Note: The process type used for integration with UBS is BPMN.

Submitted Application Confirmation

The confirmation page is displayed once you have submitted your application. This page displays the current status of your application along with details of any further steps that might be required to be taken. The application reference number, by which you can track the status of your application, is also displayed on this page. Additionally, the options to register (if you are a new customer and have not yet registered with the bank) and to track the application are also provided on this page.

Additionally, the option to track the application is also provided on this page. If as per the configuration, registration is not mandatory, the option to register will also be available on this screen.

  1. If the applicant who has filled in the application details is not a registered channel user and if registration is not mandatory, the option to register for channel access will be available on this page . Click Register.
    OR
    Click Go to Homepage to navigate to the application dashboard screen.
    OR
    Click Track Your Application in order to be navigated to the application tracker.

Register User

Register User

Field Name

Description

Define Login Credentials

Email

Enter the email ID with which you would like to register.

Confirm Email

To confirm the email ID re-enter the email ID entered in the Email field.

Verify

Click on this link to verify the email ID entered. A unique security code will be sent to the email address defined and a pop up window will be opened in which you can verify the email ID by entering the security code in the specified field.

Password

Enter a password to be used for the purpose of registration. You will be required to enter this password when you log-in to the system in the future.

Confirm Password

To confirm the password re-enter the password entered in the Password field.

Answer

Specify an answer for the selected security question.

The fields in which you can specify answers to selected security questions will be displayed below each security question and will be numbered, e.g. Answer 1, Answer 2 and so on.

Terms and Conditions

I have read, fully understood and agreed with the terms and conditions

Select this checkbox to acknowledge agreement to the terms and conditions of registration for online banking access.

Terms and Conditions Link

Click this link to view the terms and conditions.

To register:

Verification

Field Name

Description

Verification Code

Enter the security code sent to the email ID you have defined in the registration screen.

Cancel Application

The option to cancel the application is provided throughout the application and you can opt to cancel the application at any step.

To cancel an application:

Cancel Application

Field Name

Description

Reason for Cancelling

Indicate the reason for which you are cancelling the application. This is an optional step.

The cancellation reason could be:

  • Having difficulty in completing the application form
  • Not enough time I will complete it later
  • Need more product details
  • Made a mistake in product selection
  • Others

Please Specify

This field is displayed if you have selected the option Others as Reason for Cancelling.

Enter the reason for which you are cancelling the application in this field.

Save for Later

The following scenarios are applicable for save for later.

All saved applications will be available in the app tracker under the In Draft tab. You can select any application to resume the application submission process.

To save an application:

Save and Complete Later

Field Name

Description

Email

Enter the email ID with which you would like to register.

Confirm Email

To confirm the email ID re-enter the email ID entered in the Email field.

Verify

Click on this link to verify the email ID entered. A unique security code will be sent to the email address defined and a pop up window will be opened in which you can verify the email ID by entering the security code in the specified field.

Refer the Verify sub section under section Register User for further information on verification.

Password

Enter a password to be used for the purpose of registration. You will be required to enter this password when you login to the system in the future.

Confirm Password

To confirm the password re-enter the password entered in the Password field.

Terms and Conditions

I have read, fully understood and agreed with the terms and conditions

Select this checkbox to acknowledge agreement to the terms and conditions of registration for online banking access.

Terms and Conditions Link

Click this link to view the terms and conditions.

The following steps are applicable for cases wherein the applicant is not a registered user.

Existing User

An application form being initiated by an existing user (registered user) will differ from that of one being initiated by a new/unregistered user. If you are applying for an auto loan account product as an existing user, once you login to the banking system after having entered your login credentials, the application form will be displayed with all your personal details pre-populated in the respective fields and sections. You will, hence, be required to only specify details pertaining to the auto loan. The sections that will be pre-populated with your information are Primary Information, Proof of Identity, Contact Information and Employment Information.

Application Tracker

The Application Tracker enables you to view the progress of submitted applications and also to retrieve and complete applications that have been saved. Through the application tracker you can perform the following actions:

To track an application:

Submitted Application - Auto Loan

The following details are displayed on an auto loan application card under the Submitted tab of the application tracker page. On clicking on a specific card, the details page of that card appears. However, once an application has been completely processed, the card will no longer be clickable.

Field Name

Description

Loan Offer Name

The name of the offer for which the application has been made.

Loan Amount

The loan amount for which the application has been made.

Application ID

The application reference number as generated by the bank at the time the application was submitted.

Applicant Name

The name of the applicant is displayed here.

Submitted On

The date on which the application was submitted.

Status

The current status of the application.

Loan Account Number

The loan account number, once generated, is displayed here.

This account number is only displayed once the application is successfully processed to completion

Field Name

Description

Offer Name

The name of the offer for which the application has been made.

Application ID

The application reference number as generated by the bank at the time the application was submitted.

Applicant Name

The name of the applicant be displayed here.

Submitted On

The date on which the application was submitted.

Status

The current status of the application.

Requested Amount

The requested loan amount.

Documents

This section displays the documents that are uploaded in the application form.

Field Name

Description

Document Category

All the categories under which documents have been uploaded are listed on the screen below which the document type and link of each uploaded document are displayed.

Document Type

The document type against which the documents have been uploaded are listed below each document category to which they belong.

Document

The names of the uploaded documents as well as the links by which you can view and download each document are displayed.

Account Summary

The Account Summary section enables you to view basic details of the loan account.

Field Name

Description

Frequency

The principal and interest repayment frequency.

The frequency could be:

  • Monthly
  • Quarterly
  • Half Yearly
  • Annually
  • Daily

Term

The loan term.

Rate Type

Indicates the loan rate type, the example of rate type could be Fixed or Variable.

FAQs

ClosedWhy do you require the expiry date of my identity proof?

We ask for the expiry date of your identity proof to ensure that you are providing us with a valid proof of identity, one that is currently not expired.

ClosedCan I proceed with the application if I am not an existing channel user?

Yes, you can continue filling in the application details as a guest user and need not necessarily login.

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