7.2 Loan Renegotiation

User can simulate the transaction and check if the result of the simulation fulfills the borrower’s requirement using the Loan Renegotiation screen. It also provides flexibility to simulate various options and perform single variation event or combination of variation events.

This topic contains the following subtopics:

• Navigating and Fetching Account
  The steps to navigate and fetch the account number is covered in this topic.
• Modifying Loan Details
  The Modify Loan tab displays the values as maintained in the host. Here, user can update the values based on the minimum and maximum range based on the parameter maintained in the host.
• Treating Outstanding
  User can allocate the arrears on the loan account. The Treat Outstanding section displays the outstanding arrears component wise. Here, user can pay, capitalize, or waive the arrears.
• Modifying Schedule Details
  User can view the upcoming schedules. If there is any change in the term, the system will fetch and display the schedule structure until maturity considering the term change. User can also add new or edit existing structure or interest rate revision details.
• Modifying Rollover Details
  User can view the re-draw of schedules considering the rolling over of the loan to new loan schedule starting from current value date until to maturity.
• Modifying Interest or Fees
  User can view the interest and fees components configured for the loan account. User can also add new or Edit existing interest or fees detail.
• Viewing Simulation Details
  Based on user actions performed on Value Date, Sanctioned, Term, and Current Installment fields from the Modify Loan tab, the system updates and displays the value on the right widget.
• Viewing Revised Schedule
  User can view the revised schedule details based on the actions performed on the Modify Loan tab.
• Viewing Fee Charged
  User can view the fees charged on the account.