Loans AND FINANCES Overview

The Loans & Finances overview provides a summary of the Loan accounts that the user has access to. Loans dashboard displays summary of total borrowings in all accounts along with the current outstanding amount. It allows the user to understand the current position with respect to loan accounts.

Through the Quick links section, the user can launch into the servicing section of the Loans module viz., Repayment, DisbursementDisbursement is the process by which the sanctioned loan amount is paid to the customer or seller (on behalf of the customer). Enquiry, Schedule Enquiry or even can initiate a request for Loan Drawdown.

In the Loan Accounts Summary, the user can view account details such as PartyA party is any individual or business entity having a banking relationship with the bank. name, account number, interest rate, outstanding amount indicated on the dashboard for loan individual accounts. Click on the Account Number field to view the Loan Details of one account.

The user can calculate the loan installment, through the Loan Installment Calculator on the screen. The user can get an idea of loan eligibility through the Eligibility Calculator, at the bottom of the Overview section.

You are here How to reach here:

Dashboard > Toggle menu > Accounts > Loans and Finances > Overview

Click on individual components to view in detail.

overview

Dashboard Overview

Loan & Finances Overview This section displays the summary of the Loan accounts that the user has an access to. It includes details like: Total Number of Loans Accounts available under a party and mapped to the user. Amount Financed: Summation of financed loan amount in entity local currency. Outstanding Balance: Summation of current outstanding in all accounts mapped to the user in entity local currency.
Loan Calculator This section displays the loan calculator. Click here to access the Loan Installment Calculator and Eligibility Calculator.

Loan & Finances Overview

This section displays the summary of the Loan accounts that the user has an access to. It includes details like:

Total Number of Loans Accounts available under a party and mapped to the user.
Amount Financed: Summation of financed loan amount in entity local currency.
Outstanding Balance: Summation of current outstanding in all accounts mapped to the user in entity local currency.

Loan Application Tracker

Loan Application Tracker widget allows corporate user to view the progress summary of new loan account opening applications submitted from the Digital Banking Platform. Click on View Details link to know the detailed view of progress of submitted applications. Refer Loan Application Tracker screen for more details.

Loan Accounts Summary

This section displays summary of loan accounts and all the related information about the loan account.

Details include:

Loan Account Details: Loan account number (in masked format), product name, along with the account nickname (if set)
Party Name: Name of the party under which the loan account is opened.
Amount Financed: Financed loan amount along with the loan account currency.
Outstanding: Current outstanding loan amount in the loan account currency.
Maturity Date: Maturity date of the Loan account
Auto Payment: The auto payment facility is enabled for the loan account or not
Account Status: The current status of the loan account

Click on the loan account number to view the respective loan account details. Refer Loan Details screen for more information.

Installments Due

This section displays the upcoming and overdue loan installments. Widget displays the principal amount of the specific loan installment which is upcoming or overdue. The facility has been given to pay for the selected installment, which redirects the user to Repayment screen.

Click on the loan account number to view the respective loan account details. Refer Loan Details screen for more information.

Click on the Pay Now to repay the installment. Refer Repayments screen for more information.

Quick Links

This section displays the quick links for loan transactions. Click the particular link to access the specific loan transaction viz.,

Loan Calculator

This section displays the loan calculator. Click here to access the Loan Installment Calculator and Eligibility Calculator.

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