2.9.1 Approval Details

This topic provides the systematic instructions to view and approve the application.

The Approval Details is the first data segment of Supervisor Approval stage. The user can acquire the application from Free Tasks list.

1. On acquiring the Supervisor Approval stage the Approval Details data segment appears
   The Approval Details screen displays.

   Figure 2-53 Approval Details

   
   

   
   Description of "Figure 2-53 Approval Details"

   
   
2. Specify the fields on Approval Details screen.

   Note:

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

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

   Table 2-43 Approval Details – Field Description

   Field	Description
   Applicant Name	Displays the applicant name.
   Account Type	Displays the account type.
   Account Branch	Displays the account branch name.
   Product Code	Displays the product code selected for this loan account.
   Product Name	Displays the product name selected or this loan account.
   Existing Values	Displays the existing values.
   Approved Loan Amount	Displays the final loan approved amount.
   Loan Tenure	Displays the final loan tenure for the approved amount.
   Installment Type	Displays the installment type.
   Rate of Interest	Displays the rate of interest for the approved loan amount.
   Margin	Displays the margin proposed by Decision Service. Note: This field displays if the Rate Type is selected as Floating.
   Variance	Displays the variance proposed by Decision Service. Note: This field displays if the Rate Type is selected as Fixed.
   Effective Rate	Displays the calculated effective rate.
   Revised Values	Displays the revised values against the existing values. Note: If there is no change in the existing values, the revised values will not be displayed.
   Approved Loan Amount	Displays the final loan approved amount.
   Loan Tenure	Displays the final loan tenure for the approved amount.
   Installment Type	Displays the installment type.
   Rate of Interest	Displays the rate of interest for the approved loan amount.
   Margin	Displays the modified margin. Note: This field displays if the Rate Type is selected as Floating.
   Variance	Displays the modified variance. Note: This field displays if the Rate Type is selected as Fixed.
   Effective Rate	Displays the effective rate.
   Component Considered	Displays the component considered.
   User Recommendation	Select the user recommendation. The available options are: Approved Rejected
   User Action	Displays the user action based on user recommendation.

3. Click Next to navigate to the next data segment, after successfully capturing the data. The system will validate all mandatory data segments and data fields. If mandatory details are not provided, the system displays an error message for the user to take action. User will not be able to proceed to the next data segment, without capturing the mandatory data.