11.2 Loan Repayment by Cash

The Teller can use the Loan Repayment by Cash screen to accept repayment of a loan by cash.

To perform loan repayment by cash:

1. On the Homepage, from Teller mega menu, under Loan Transactions, click Loan Repayment by Cash or specify Loan Repayment by Cash in the search icon bar and select the screen.
   The Loan Repayment by Cash screen is displayed.

   Figure 11-2 Loan Repayment by Cash

   
   

   
   Description of "Figure 11-2 Loan Repayment by Cash"

   
   
2. On the Loan Repayment by Cash screen, specify the fields. For more information on fields, refer to the field description table.

   Note:

   The fields, which are marked with an asterisk, are mandatory.

   Table 11-2 Loan Repayment by Cash - Field Description

   Field	Description
   Loan Account	Specify the loan account number. When you press the Tab key, the customer details and loan account details will be displayed in the Customer Information widget.
   Repayment Amount	Select the repayment currency and specify the repayment amount. Note: By default, the loan account currency is displayed as repayment currency.
   Account Branch	Specify the branch code.
   Query	Click this icon to fetch the details of loan account based on the branch code.
   Exchange Rate	Displays the exchange rate. Note: If the transaction currency is the same as the account currency, the system displays the exchange rate as 1. This field is displayed only if Multi-Currency Configuration at the Function Code indicator level is set as Y.
   Total Charges (LCY)	Displays the total charges in the branch local currency. Note: This field is displayed only if Total Charge Configuration at Function Code indicator level is set as Y.
   Account Amount	Displays the repayment amount in loan account currency. Note: This field is displayed only if Multi-Currency Configuration at Function Code indicator level is set as Y. If the loan account currency is different from repayment currency, then the system will derive the account amount based on the exchange rate.
   Narrative	Displays the narrative as Loan Repayment By Cash, and it can be modified.

3. Specify the charge details. For information on the fields in the Charge Details segment, refer to Add Charge Details.
4. Specify the denomination details. For information on the fields in the Denomination segment, refer to Add Denomination Details.
5. Click Submit.

   A teller sequence number is generated, and the Transaction Completed Successfully information message is displayed.

   Note:

   The transaction is moved to authorization in case of any approval warning raised when the transaction saves.

   On transaction submission, the transaction details are handed off to the respective product processor to trigger disbursement, and on transaction completion, the loan amount is repaid successfully.