Loan drawdown Application

Loan drawdown application goes through various stages of the business process flow, commencing from request initiation till loan account creation and loan disbursement based on the type of loan.

On submission of loan drawdown application from OBDX, the request gets assigned to the bank for further processing. Bank staff can view and process the application using back office or mid office systems integrated with OBDX. Corporate Loan Origination module is currently integrated with Oracle Banking Corporate Lending Process Management (OBCLPM) for initiation of a new loan drawdown request and to track its status.

Corporates can track the status of the loan applications using Application Tracker available within OBDX. Once the loan account is open, the integrated Oracle Banking Corporate Lending (OBCL) application enables the servicing of the account.

Pre-requisites

The corporate user should be a registered OBDX user.
The corporate user must have at least one existing facility. The facility limit available should be sufficient for drawdown.
The application must be integrated with the Oracle FLEXCUBE Enterprise Limits and Collateral Management (ELCM) or any other facility application to fetch the facilities of the customer.
The application must be integrated with OBCLPM to initiate Drawdown request flow and for tracking status of the request.
The application must be integrated OBCL to check with the newly opened loan account.

You are here How to reach here:

Toggle menu > Accounts > Loans and Finances > Loan Drawdown Request
OR
Toggle menu > Accounts > Loans and Finances > Overview > Quick Links > Loan Drawdown Request

Loan Drawdown - Choose Facility

Field Description

Field Name	Description
Choose Facility
Facility ID	Indicates a list of facilities you can choose from for loan drawdown.
Funding Type	Displays the type or purpose of the funding.
Available Amount	Displays the amount available for drawdown under the facility.

To apply for a corporate loan drawdown:

If you access the Loan Drawdown option using the 1st path (Toggle menu > Accounts > Loans and Finances > Loan Drawdown), then the Choose Facility pop-up screen appears. Select the facility under which you want to initiate a loan drawdown application, from the Facility ID list.
The Funding Type and Available Amount of the facility appear.
Click Proceed . The Loan Drawdown Request page appears.
OR
Click Cancel to cancel the application.

Loan Drawdown Request

You can initiate an application for loan drawdown in this page. The Loan Drawdown Request consists of two stages:

Drawdown Details
Upload Documents

You can proceed from the first stage to the second, only after all mandatory information has been captured. At any point of time prior to submission, if you want to save the application to continue later, click Save as Draft. The application can then be resumed from the Application Tracker.

Drawdown Details

You can capture the requirements of the drawdown, such as, the type of loan, the purpose, the required amount, the time period, and more, in this stage. You can proceed to the next stage of the application (Upload Documents), only when you have provided all mandatory information in this stage.

Field Description

Field Name	Description
Loan Drawdown Request A process flow diagram representing the various stages of application is depicted. The current stage appears highlighted
Credit Facility A summary of the selected facility is displayed. If, during the application process you want to change the selected facility, you can click Change Facility. The Choose Facility pop-up screen will appear. You can select the required facility from the list displayed.
Facility ID <Main Line \| Sub Line>	Displays the unique ID associated with the facility. The keywords ‘Main LineMain Line refers to a facility created corresponding to the product group applied for by the applicants as part of the overall submission.’ or ‘Sub LineA Sub Line is a line or limit which is attached to accounts. It may be attached to a main line.’ indicate whether the facility is a main facility or sub-facility created under the main facility.
Funding Type	Displays the type or purpose of the funding.
Revolving Line	Displays whether the facility terminates or renews after the expiry date.
Sanctioned Amount	Displays the original amount allocated for the facility. This is the maximum amount that you can avail under the facility.
Utilized Amount	Displays the amount already used under the facility.
Available Amount	Displays the balance amount that you can avail under the facility. This amount is the difference between the Sanctioned Amount and the Utilized Amount.
Expiry Date	Displays the date when the facility will expire.
<Percentage> Utilized	Displays the percentage of the facility utilized. This is the Utilized Amount expressed in percentage.
Drawdown Details
Select the type of loan	Indicates a list of loan business products offered by the bank, that you can choose from.
Enter the drawdown amount	Indicates the drawdown amount that you require. You must enter a value less than or equal to the Available Amount of the facility. A list of currencies is available to choose from for the loan drawdown. By default, the currency of the selected facility is displayed.
Select the loan purpose	Indicates a list of loan purposes associated with the selected loan type that you can choose from.
Enter the drawdown period	Indicates the tenure in years and months, for which you require the loan drawdown.
Do you have any specific instructions for us?	Indicates any instructions or remarks that you would like to provide.

In the Drawdown Details section, select the appropriate option from the Select the type of loan list.
In the Enter the drawdown amount field, enter the required amount. This amount should be less than or equal to the Available Amount of the facility.
From the Select the loan purpose list, select the appropriate purpose.
In the Enter the drawdown period field, enter the required number of years and months.
If you have any specific instructions for the drawdown, enter these under the Do you have any specific instructions for us? field.
Click Next to continue with the drawdown application.
OR
Click Save as Draft to save the application. The Confirmation page appears with a message stating that the request is saved successfully. The reference number and status of the application are also displayed.
OR
Click Back to go to the previous screen.
OR
Click Cancel to cancel the application.

Upload Documents

This stage provides a pre-configured list of documents required by the bank for processing the drawdown application. The maximum size of the documents and the allowed file types are also stated in this page. You must upload all mandatory documents to proceed with the application submission. If there are any errors in the information provided, relevant messages will be displayed. You can submit the application only when all the errors are rectified.

Field Description

Field Name	Description
<Name and description of document>	Displays the name and a brief description of the document to be uploaded. You can click the icon to browse and upload the document.

Click the icon against a specific document.
Browse and select the required document.
Click Open.
The document gets uploaded, and the name of the document appears as a hyperlink. You can click this hyperlink to open the document.
Once all required documents have been uploaded, click Submit.
OR
Click Save as Draft to save the application. The Confirmation page appears with a message stating that the request is saved successfully. The reference number and status of the application are also displayed.
OR
Click Back to go to the previous screen.
OR
Click Cancel to cancel the application.

The Review page appears. You can click the icon to edit the application and make any modification, if required.
Select the I agree to the Terms and conditions check box.
- You can click the Terms and conditions link to read the same.
Click Confirm to confirm the submission of the application. The Confirmation page appears with a message stating that the request is submitted successfully. The reference number and status of the application are also displayed.
OR
Click Back to go to the previous screen.
OR
Click Cancel to cancel the application.

Save as Draft

You can save a loan drawdown application as a draft to come back later and fill it, by clicking the Save as Draft button. An application can be saved as draft, at any point prior to submitting it. The application is saved, and will appear in the Application Tracker under the Draft tab.

Field Description

Field Name	Description
Save as Draft
Draft Name	The name that the draft application must be saved as.

To save an application as draft:

Click the Save as Draft button in the Loan Drawdown Request page.
The Save as Draft pop-up screen that appears.
In the Draft Name field, enter a suitable name for the draft application.
Click Save. The Confirmation screen appears with the reference number and status of the saved application.
Click Go To Application Tracker to resume the application.
OR
Click Go To Dashboard to go to the Dashboard.
OR
Click New Loan Drawdown Request to start a new drawdown application.

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