2.4 Real Estate Loan

This topic explains the systematic instructions for real estate loan screen.

Use Real Estate Loan screen to capture the Real estate details or property details of the client. These details can be used by relationship and credit manager to understand the credit worthiness as well as the collateral details of the customer. This segment can be used while providing real estate loans.

1. On the Homepage, from Corporate Lending, under Operations, click Bi-lateral and then click Loan Origination.
2. In the Loan Origination, click Real Estate Loan tab and provide the required details.
   The Real Estate Loan screen displays.

   Figure 2-4 Real Estate Details

   
   Description of "Figure 2-4 Real Estate Details"
3. In the Real Estate Loan screen, provide the required details.

   Note:

   The fields marked as Required are mandatory.

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

   Table 2-4 Real Estate Loan - Field Description

   Field	Description
   Property Type	Select the type of the property from the list of values.
   Property Status	Specify the status of the property. The available options are: New Existing
   Construction Status	Specify the status of construction. The available options are: Completed Construction Under Construction
   Expected Completion Date	Enter the expected completion date of the property.
   Completion Date	Enter the completion date of the property in case of Completed status.
   Purchase Date	Enter the date of purchase of the property.
   Registration Number	Enter the registration number or unique reference number of the property.
   Address 1-4	Enter the address of the property.
   City	Enter the city of the property.
   State	Enter the state in which the property is located.
   Country	Enter the list of country from where user will have an option to select the correct county form the displayed list.
   Zip Code	Enter the ZIP code of the location where property is located.
   Special Zone	User can select the required option, if the property is situated in and around Special zone.
   Total Area of the Property	Specify the total area of the property in figures.
   Unit	Select the unit in which the area of the property is measured from the list of values.
   Market Value	Enter the market value of the property along with the currency.
   Eligible Value	Enter the eligible value of the property along with the currency.
   Name of the Builder	Enter the name of the builder.
   Classification of the Builder	Enter the classification of the builder - Category A/B.
   Ownership Status	Select the status of ownership. The available options are: Freehold Leasehold
   Lessor	Enter the name of the lessor.
   Lease Effective date	Enter the date on which the property is leased out.
   Lease Expiry date	Enter the date of expiry of the leased-out property.