1.3.2.4 IPA Details

This topic provides the systematic instructions to capture the product or property-related information for the IPA application.

The IPA Details data segment allows capturing the product and property-related information for the IPA application.

1. Click Next in Customer Information screen to proceed with the next data segment, after successfully capturing the data.
   If Product Type is selected as Home Loan with IPA, the IPA Details - Home Loan screen displays.

   Figure 1-50 IPA Details

   
   

   
   Description of "Figure 1-50 IPA Details"

   
   
2. Specify the details in the relevant data fields.

   Note:

   The fields, which mentioned as Required, are mandatory.

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

   Table 1-28 IPA Details – Field Description

   Field	Description
   IPA Details (Home Loan)	Displays the IPA details for Home Loan.
   Account Type	Displays the account type based on the product selected in the In-Principle Approval.
   Business Product Name	Displays the business product name based on the product selected in the In-Principle Approval.
   Product Image	Displays the business product image.
   Product Description	Displays the short description captured for the product in the Business Product configuration.
   Account Branch	Select the Account Branch from the drop-down list.
   Property Type	Select the type of property from the drop-down list. The options are Independent House Villa Apartment Others
   Property Location State	Specify the state where the property is located. This field is mandatory.
   Property Location City	Specify the city where the property is located. This field is mandatory.
   Have you shortlisted the property?	Select whether the property have been shortlisted or not. The options are Yes No This field is mandatory.
   Builder Name	Specify the name of the Builder
   Loan Tenure	Select the loan tenure in year, months and days. The system will validate the minimum and maximum tenure for the selected currency. This field is mandatory.
   Currency	Select the currency from the drop-down list, if required. Available options in the drop-down list are based on the currency allowed for the selected business product. By default, the base currency of user logged-in branch is displayed. This field is mandatory.
   Purpose of Loan	Specify the loan purpose. This field is mandatory.
   Purpose Description	Specify the describe the purpose of borrowing loan.
   Estimated Cost	Specify the estimated cost for the Home Project or Vehicle. This field is mandatory.
   Customer Contribution	Specify the margin amount contributed by the customer. Customer Contribution can be zero also.
   Requested Loan Amount	Displays the requested loan amount. Request Loan Amount = Estimated Cost - Customer Contribution
   Application Date	Select the application date from the calendar list.
   First Home Buyer	Select to indicate whether the applicant is first home buyer. This field is applicable only for Individual type of customer.
   IPA Details (Vehicle Loan)	Below fields appears if user applies for Vehicle Loans.
   Vehicle Category	Select the category of the Vehicle. The options are Two-Wheeler Three-Wheeler Four-Wheeler This field is mandatory.
   Make	Select the manufacturer name.
   Model	Specify the Vehicle model.