Loan and Finances 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. The Loans details page displays the details such as the loan account opening date and maturity date, the current status, interest rate and the branch in which an account is held. A user can view account information, add / update / delete nickname and can also view the disbursement details, outstanding amount, repayment details and arrears, at a glance.

Customer can also track the transactions and disbursements processed in the loan accounts.

The corporate customer can also download summary of transactions in .csv, .MT940, .pdf, .qif, and .ofx formats.

Account Details: section displays the loan account opening date and maturity date, the current status, interest rate and the branch in which an account is held etc.
Loan Amount: section displays the disbursement details like sanctioned loan, amount, total disbursed amount, outstanding amount, re-paid amount till date etc.
Repayment : section displays the repayment mode, principal amount frequency, interest amount frequency, late payment charges, pre-payment charges etc.
Installments: section displays the details like loan term, total installments, remaining installments, next installment due date, next installment amount etc.
Arrears: section displays details pertaining to arrears including amount of principal arrears, interest arrears, amount repaid, amount outstanding, installment arrears, late payment charges, fees etc.

You are here How to reach here:

Dashboard > Toggle menu > Accounts > Loans and Finances > Overview > Loan Account Summary > Loan Details
OR

Dashboard > Account Summary > Loan Account Summary > Loan Details

Field Description

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, refer ACCOUNT NICKNAME.
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: Daily Weekly One Time Payment monthly Bi monthly Quarterly Semi-annually Annually
Principal Frequency	Intervals at which the principal is to be repaid. It could be: Daily Weekly One Time Payment monthly Bi monthly quarterly semi-annually annually
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 Search . Based on search criteria search result appears.
OR
Click Reset to clear the entered details.
OR
Click Back to navigate to the previous screen.

Transactions -Search Criteria

Field Description

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: Current Month Previous Month Previous Quarter Select Date Range
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: All Credits Only Debits Only
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 Download, to download transaction summary in a specific format.
Click on Pre-Generated Statement, to generate a pre-generated statement.
OR
Click Back to navigate to the previous screen.

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 Back.

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 Description

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 Search to search for the statement for the selected period.
Click on Download column (.pdf) to Save / Print the statement.

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