2.4 Retail Lending

This topic provides information about enhancements in the Retail Lending.

Generic Feature Enhancements

• Interest Rate Inquiry - A new inquiry screen to view the both regular interest and penalty interest maintained on the loan account across its life cycle.
• Status Change Inquiry - A new inquiry screen to view the time lines of status movement of the selected Loan account.
• Sanctioned Amount Revision - A new functional screen which would help the user to decrease or increase the sanctioned amount.
• Enhancement in Manage SCRA/MLA Benefits screen - Enhancement to existing functionality, where user can modify the interest rate for loan accounts while initiating SCRA initiation and re-computation basis capture for benefit termination.
• Manage Loan Securities - A new functional screen to do link/de-link of securities attached to a loan account. These securities can be one among the following types - Collaterals, Deposits, Limits. Additional amendment features are available for loans with collaterals.
• Account Preferences - A new maintenance screen where few loan account specific behaviors will be grouped.
• Enhancement in Loan 360 screen - Few functional enhancements are covered in Loan 360. Display of deposits or limits attached.
• Account Statement - Enhancement to existing functionality.
• Manage Parties - A new screen where user can modify the parties related to the loan. Modifications may be replacing, adding and deleting the existing relationship types.
• Staff Access Control: Introduced this new functionality for Retail Lending.
• Excess amount changes: To display in Outstanding Balance Inquiry and allow forfeit of excess amount it in Forfeit Excess amount screen.
• Backdated support: For all amendment screens the backdated support is provided.
• Rescission: Screens have been enhanced to support Rescission feature on Loan Accounts.
• Enhanced Transaction View and Reversal: Display External Settlement account maintained in Payment preferences.
• Payment Preferences: Able to maintain Payment preferences with External account in credit account.
• APR History: To display APR changes happened on a loan account