2.2.8 Financial Details

This topic provides the systematic instructions to capture the financial details of a single customer or multiple customers in case of joint applicants.

Financial details are captured for applicants or guarantor that are involved in loan account opening application. You can capture basic as well as income and expenses details in respective sections. The financial template are resolved based on the configuration.

This data segment is mandatory if below condition are opt:

• The Capture Financial Details toggle is selected in the Business Product Preference data segment while configuring a business product.
• The business product is allowed to opt overdraft.

To add financial details:

1. Click Next in previous data segment to proceed with the next data segment, after successfully capturing the data.
   The Financial Details screen displays.

   Figure 2-11 Financial Details - Individual

   
   

   
   Description of "Figure 2-11 Financial Details - Individual "

   
   
2. Specify the details in the relevant data fields. For more information on fields, refer to the field description table below.

   Table 2-15 Financial Details: Individual – Field Description

   Field	Description
   <Applicant Name along with Role of applicant>	Displays the applicant name along with applicant role as captured in the Customer Information data segment.
   Total Income	Displays the total income and the currency of the applicant.
   Total Expenses	Displays the total expenses and the currency of the applicant.
   Last Update On	Displays the date on which the financial details of an existing applicant were last updated. For a new applicant, it will remain blank.
   Employment Details	In this section user can capture employment details of the parties that are involved in an account opening application.
   Salaried	In this section user can capture salaried employment details. The below fields appears if salaried employment details are already captured. Employer Code Employer Name Employer Description From Date To Date User can edit, view or delete already added details. Click Add to capture the new salaried employment details. The Salaried Details pop-up appears.
   Employer Code	Specify the employer code. OR Click to search the employer code. The pop-up appears to fetch the employer code. Specify Employer Code or Employer Name to fetch the details.
   Employee Name	Displays the employee name.
   Employer Description	Specify the employer description.
   Organization Category	Select the organization type from the drop-down list. Available options are: Government NGO Private Limited
   Demographics	Select the demographics from the drop-down list. Available options are: Global Domestic
   <Actions>	Click Edit to modify the existing applicant details. Click Save to save the modified details and click Cancel to cancel the modifications. Edit will be visible only for existing applicant.
   Employee Type	Select the employee type from the drop-down list. Available options are: Full Time Part Time Contract Permanent
   Employee ID	Specify the employee ID.
   Grade	Specify the grade.
   Designation	Specify the designation.
   I currently work in this role	Select whether the applicant works currently in this role. Available options are: Yes No
   Employment Start Date	Select the employment start date.
   Employment End Date	Select the employment end date.
   Industry Type	Select the Industry Type from the drop-down list. Available options are: IT Bank Services Manufacturing Legal Medical Engineering School/College Others
   Self Employed / Professional Details	In this section user can capture self-employment or professional details of customer. Below fields appears if self-employment or professional details are already captured. Professional Name Professional Description From Date To Date User can edit, view or delete already added details. Click Add to capture the new self-employment or professional details. The Self Employed/ Professional Details pop-up appears.
   Professional Name	Specify the professional name.
   Professional Description	Displays the professional description.
   Company /Firm Name	Specify the company or firm name.
   Registration Number	Specify the registration number.
   Start Date	Specify or select the start date of company.
   End Date	Specify or select the end date of company.
   Professional Email ID	Specify the professional email ID.
   Financial Details	In this section you can add financial details.
   Monthly Income	Specify the amount for any of the applicable monthly expenses in the below fields. Salary Agriculture Business Investment Income Interest Amount Pension Bonus Rentals Cash Gifts Other Income Total gets calculated automatically. The fields appears in this sections are based on the configuration.
   Monthly Expenses	Specify the amount for any of the applicable monthly expenses in the below fields. Household Medical Education Vehicle Fuel Rentals Other Expenses Loan Payments Utility Payments Insurance Payments Credit Card Payments Total gets calculated automatically. The fields appears in this sections are based on the configuration.
   Net Income	System automatically displays the total income over expenses.
   Liabilities	Specify the amount for any of the applicable liabilities in the below fields. Property Loan Vehicle Loans Personal Loans Credit Card outstanding Overdrafts Other Liability Home Loan Education Loan Total gets calculated automatically. The fields appears in this sections are based on the configuration.
   Asset	Specify the amount for any of the applicable asset type in the below fields. House Deposit Vehicle Other Total gets calculated automatically. The fields appears in this sections are based on the configuration.

Financial Details - SMB

Figure 2-12 Financial Details - Small and Medium Business

Description of "Figure 2-12 Financial Details - Small and Medium Business"

3. Click Add Financial Ratios to update the profit and financial ratios of the business. The user will have the option to capture the relevant data for various financial years.

   The Profit and Financial Ratios screen displays

   Figure 2-13 Profit and Financial Ratios

   
   

   
   Description of "Figure 2-13 Profit and Financial Ratios"

   
   
4. Specify the details in the relevant data fields. For more information on fields, refer to the field description table below.

   Table 2-16 Financial Details: SMB – Field Description

   Field	Description
   <Applicant Name along with Role of applicant>	Displays the applicant name along with applicant role as captured in the Customer Information data segment.
   Total Income	Displays the total income and the currency of the applicant.
   Total Expenses	Displays the total expenses and the currency of the applicant.
   Financial Details	In this section you can capture the financial details of SMB type of customer.
   Monthly Income	Specify the amount for any of the applicable monthly expenses in the below fields. Salary Agriculture Business Investment Income Interest Amount Pension Bonus Rentals Cash Gifts Other Income Total gets calculated automatically. The fields appears in this sections are based on the configuration.
   Monthly Expenses	Specify the amount for any of the applicable monthly expenses in the below fields. Household Medical Education Vehicle Fuel Rentals Other Expenses Loan Payments Utility Payments Insurance Payments Credit Card Payments Total gets calculated automatically. The fields appears in this sections are based on the configuration.
   Net Income	System automatically displays the total income over expenses.
   Liabilities	Specify the amount for any of the applicable liabilities in the below fields. Property Loan Vehicle Loans Personal Loans Credit Card outstanding Overdrafts Other Liability Home Loan Education Loan Total gets calculated automatically. The fields appears in this sections are based on the configuration.
   Asset	Specify the amount for any of the applicable asset type in the below fields. House Deposit Vehicle Other Total gets calculated automatically. The fields appears in this sections are based on the configuration.
   Profit and Financial Ratios	This field appears only if the Customer Type is selected as Small and Medium Business (SMB).
   Financial Year	Select the Financial Year from the dropdown list.
   Currency	Click Search icon and select the currency from the available list.
   Balance Sheet Size	Specify the balance sheet size.
   Operating Profit	Specify the operating profit of the business.
   Net Profit	Specify the net profit of the business.
   Year Over Year Growth	Specify the growth of the business year on year.
   Return On Investment	Specify the return on investments.
   Return On Equity	Specify the return on equity.
   Return On Asset	Specify the return on asset.

5. Click Next. The system validates the date specified in Last Update On with Financial Details Validity Period and, if date specified in Last Update On exceeds the date specified in Financial Details Validity Period at Business Product Preferences configurations, the system displays the following error message:
6. Click Yes to reatin the existing financial details and proceed with the next data segment.
   OR
   Click No to edit financial details and proceed.

• Parent / Guardian Financial Details
  This topic describes systematic instructions to configure parent or guardian financial details.