Loan drawdown request

Using loan drawdown feature a corporate user can obtain the funds (In a form of Loan) from an existing facility. (Credit Lines). A corporate user can see the list of available facilities using digital banking platform so that he/ she can select a facility and request loan drawdown. The detail of selected facility displays available limit and the purpose for which the facility is issued before initiating the request.

A corporate user can specify the loan drawdown requirements against the selected facility so that the bank knows the amount, tenure for which to draw and specific instructions if any. It displays the details and list of documents need to be submit for given loan drawdown request, and allow to upload documents accordingly.

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Dashboard > Toggle menu > Accounts > Loans and Finances > Overview > Loan Drawdown Request

Dashboard > Accounts > Loans and Finances > Overview > Quick Links > Loan Drawdown Request

To initiate request for loan drawdown:

The Choose Facility pop up screen appears.

Field Description

Field Name	Description
Facility ID	Select the credit facility to initiate the loan drawdown request.
Funding Type	Displays the funding type on basis of selected facility ID.
Available Amount	Displays the available amount on basis of selected facility ID.

From the Facility ID list, select the credit facility to initiate the loan drawdown request.
Click Proceed to proceed to the next step of loan drawdown. The loan drawdown request requirement steps appear along with the selected facility details.
OR
Click Cancel to close the pop up for facility selection.

Loan Drawdown Request - Step1

Field Description

Field Name	Description
Credit Facility
Change Facility	Click to select desired facility from the list.
Facility ID	Displays the selected facility ID.
Funding Type	Displays the funding type on the basis of facility selected.
Revolving Line	Displays the Revolving Line YES/NO on the basis of facility selected.
Sanctioned Amount	Displays the amount sanctioned for the selected facility.
Utilized Amount	Displays the facility utilized amount on the basis of facility selected.
Available Amount	Displays the amount available for the selected facility.
Expiry Date	Displays the expiry date of the selected facility.
Percent Utilization	Displays the percentage utilization of the selected facility.
Drawdown Details
Select the type of loan	Select the desired loan business product.
Currency	Select the currency in which h the loan needs to be opened.
Enter the Drawdown Amount	Enter the amount of drawdown required by the corporate.
Enter the Drawdown Period	Enter the tenure for which the drawdown is required.
Do you have any specific instructions for us?	Enter the remarks if any.

Click Change Facility, to select desired facility from the list. Displays the details of selected credit facility.
From the Select the type of loan list, select the desired loan business product.
From the Currency list, select the currency in which h the loan needs to be opened.
In the Enter the Drawdown Amount field, enter the amount of drawdown required by the corporate.
In the Enter the Drawdown Period field, enter the tenure for which the drawdown is required.
In the Do you have any specific instructions for us? field, enter the remarks if any.
Click Continue, to navigate to next step of Loan Drawdown i.e. documentation.
OR
Click Save As Draft, to save the initiation drawdown request as draft. For more information refer Save as Draft section.
OR
Click Back, to navigate back to previous page.
OR
Click Cancel, to cancel the transaction.

Loan Drawdown Request - Step2

Field Description

Field Name	Description
Listed documents are required to process your application
Address Proof	Browse and select the document to be upload as address proof.
Identification Documents	Browse and select the document to be upload as identification document.

From the Address Proof list, browse and select the document to be upload as address proof.
From the Identification Documents list, browse and select the document to be upload as address proof.
Click Upload to upload the documents from the local folders.
Click Submit, to submit the initiation drawdown request. The Review screen appears.
OR
Click Save As Draft, to save the initiation drawdown request as draft. For more information refer Save as Draft section.
OR
Click Back, to navigate back to previous page.
OR
Click Cancel, to cancel the transaction.
The Review screen appears. Verify the details, and click Confirm.
OR
Click Cancel to cancel the transaction.
OR
Click Back to navigate to the previous screen.
The success message of loan drawdown application submission appears along with the the current status of application along with application reference number. User can track the status of application in application tracker.
Click Go To Application Tracker to go to application tracker screen to view the status of application.
OR
Click Go to Dashboard to go to Dashboard screen.
OR
Click New Loan Drawdown Request to initiate new drawdown request.

Save As Draft

User can save loan drawdown requests as 'Draft' in absence of complete details. The application is saved, and will appear in the application tracker as an ‘In Draft application’. User can select any of the applications available under this tab in order to complete, and initiate the application with complete details.

To save application as draft:

Enter the required details in application.
Click Save As Draft . The Save As Draft popup appears.

Save As Draft popup screen

Field Description

Field Name	Description
Draft Name	Name of the draft.

In the Draft Name field, enter the desired name for the draft.
Click Save to save the draft.
The application details are saved as a draft which can be accessed under the Application Tracker- Draft tab screen.
OR
Click Cancel to cancel the transaction.

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