2.3 Loan Details

This topic explains the systematic instructions for loan details screen.

Use Loan Details screen to capture the basic loan details which the customer has made a request. This data segment contains the details as loan currency, amount, purpose, tenor and so on to be updated. This data segment is most basic detail for any process which will be followed by the product.

1. In Loan Origination, click Loan Details and provide the required details.
   The Loan Details screen displays.

   Figure 2-3 Loan Details

   
   

   
   Description of "Figure 2-3 Loan Details"

   
   

   For more information on fields, refer to the field description table.

   Table 2-3 Loan Details - Field Description

   Field	Description
   Loan Currency	Select the currency in which the loan is required by customer.
   Loan Amount	Enter the amount of the loan required by customer.
   Loan Tenor (Months)	Enter the loan tenor in months as requested by customer.
   Value Date	Select the Value/Drawdown/Effective date of the loan. System defaults the date as per Application date and however the user will be allowed to modify as per the requirement.
   Maturity Type	Select the type of maturity of the loan. The different type of maturity types are defined below which a user will be able to select. Fixed: If Maturity type is selected as Fixed, the Maturity Date field is enabled to update. Notice: If Maturity type is selected as Notice, the Notice Day field is enabled to update. Call
   Maturity Date	Select the maturity date of the loan.
   Commitment Linkage	When user is linking a loan amount to a commitment user can only link the entire loan amount. In case of existing customer, user can edit the already added commitment (available in OBCL) in the initiation screen or newly add/edit the commitment (Contract Reference Number) in this screen. User cannot delete the commitment linkage once added.
   Contract Number	Specify the contract reference number of the contract for which user need to add/amend the commitment linkage.
   CounterParty	This field is defaulted from the Loan Origination initiation screen.
   Commitment Currency	This field is defaulted based on the contract number selected.