4. Advices

4.1 Advices

Provides various BIP Advices that are available for the OBCLPM process. Also provides support to view the list of advices that are generated and yet-to-be generated in the subsequent stages. Following advices are supported.

This chapter contains the following sections:

• Section 4.1.1, "Loan Initiation Advice"
• Section 4.1.2, "Loan Sanction Advice"
• Section 4.1.3, "Loan Rejection Advice"
• Section 4.1.4, "Draft Approval Advice"

4.1.1 Loan Initiation Advice

This advice is associated with Loan origination Enrichment stage for PROCEED outcome.

• Contents of the Advice: The contents of the report are discussed under the following heads:
• Header: The header carries the report title, run date and time, branch name, branch address, Loan application reference, applicant name and customer address.
• Body of the Report: The following details are displayed in the report:

Field Field	Description Description
Loan Application Reference	Loan Application reference No
Customer ID	Customer No of the applicant
Customer Name	Name of the applicant
Application Category	Application Category of the loan
Loan Amount	Loan amount of the application
Loan Currency	Currency of the loan amount
Application Initiation Date	Date on when application is initiated

4.1.2 Loan Sanction Advice

This advice is associated with Loan origination approval stage for PROCEED outcome.

● Contents of the Advice: The contents of the report are discussed under the following heads:

● Header: The header carries the report title, run date and time, branch name, branch address, Loan application reference, applicant name and customer address.

● Body of the Report: The following details are displayed in the report:

Field Field	Description Description
Loan Application Reference	Loan Application reference Number
Customer ID	Customer Number of the applicant
Customer Name	Name of the applicant
Application Category	Application category of the loan
Loan Amount	Loan amount of the application
Loan Currency	Currency of the loan amount
Loan Tenor	Tenor of the loan
Loan Purpose	Purpose of the loan
Maturity Type	Type of maturity
Loan Maturity Date	Maturity date of the loan
Interest Rate Code	Interest rate details of the loan
Rate	Rate of the loan
Spread	Spread details
Interest Payment Frequency	Frequency of the interest payment
Disbursement Date	Date of disbursement / Value date

 

4.1.3 Loan Rejection Advice

This advice is associated with Loan origination Enrichment / Approval / Acceptance stage for REJECT outcome.

• Contents of the Advice: The contents of the report are discussed under the following heads:
• Header: The header carries the report title, run date and time, branch name, branch address, Loan application reference, applicant name and customer address.
• Body of the Report: The following details are displayed in the report:

Field Field	Description Description
Loan Application Reference	Loan Application reference Number
Customer ID	Customer No of the applicant
Customer Name	Name of the applicant
Application Category	Application category of the loan
Loan Amount	Loan amount of the application
Loan Currency	Currency of the loan amount
Loan Tenor	Tenor of the loan
Loan Initiation Date	Loan Application Date

4.1.4 Draft Approval Advice

This advice is associated with In-Principal Approval stage for proceed outcome.

• Contents of the Advice: The contents of the report are discussed under the following heads:
• Header: The header carries the report title, run date and time, branch name, branch address, Loan application reference, applicant name and customer address.
• Body of the Report: The following details are displayed in the report:

Field Field	Description Description
Loan Application Reference	Loan Application reference Number
Customer ID	Customer Number of the applicant
Customer Name	Name of the applicant
Application Category	Application category of the loan
Loan Amount	Loan amount of the application
Loan Currency	Currency of the loan amount
Loan Tenor	Tenor of the loan
Loan Purpose	Purpose of the loan
Maturity Type	Type of maturity
Loan Maturity Date	Maturity date of the loan
Interest Rate Code	Interest rate details of the loan
Rate	Rate of the loan
Spread	Spread details
Interest Payment Frequency	Frequency of the interest payment