2.2.8.1 Parent / Guardian Financial Details

This topic describes systematic instructions to configure parent or guardian financial details.

This is the additional data segment that captures the financial details in case of education loans and does not contain any independent income related to the loan application given by the loan applicant (student). Also, the Add Parent / Guardian details enables the user to capture the data for each parent. Separate shutter panels are available Applicant wise to capture the Basic Details and the Income / Expense and Liabilities / Asset details.

The below steps are applicable only if Account Type is selected as Education Loan in Loan Details data segment.

To add parent or guardian financial details:

1. Click Next in Admission Details screen to proceed with the next data segment, after successfully capturing the data.

   Only if Account Type is selected as Education Loan in Loan Details data segment.

   The Parent/Guardian Financial Details screen displays.

   Figure 2-14 Parent and Guardian Details

   
   

   
   Description of "Figure 2-14 Parent and Guardian Details"

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

   Table 2-17 Parent/Guardian Financial Details – Field Description

   Field	Description
   Existing Customer	Select to indicate if the user is existing customer or not.
   Relationship With Student	Select the relationship of parent or guardian with the student.
   Title	Select the title.
   First Name	Specify the first name.
   Middle Name	Specify the middle name.
   Last Name	Specify the last name.
   Date Of Birth	Select the date of birth.
   Gender	Select the gender.
   Marital Status	Select the martial status.
   Unique ID Number	Specify the unique ID number.
   Basic Details	Default values available as options in drop-down list can be used as attributes to configure the Quantitative Score which will be used during Assessment stage. Refer to Configuration User Guide for the list of attributes available in this release.
   Income Type	Specify the type of the income. More than one type of Income can be captured for an applicant. The list of values are available for the user to select. Business may add appropriate values to this list.
   Employment Type	Specify the type of the employment. The list of values will be available for the user to select. Business may add appropriate values to this list. Employment Type is reckoned as an attribute for Quantitative Score calculation for the given Applicant.
   Employee Number	Specify the employee number.
   Industry	Select the industry type from the drop-down list.
   Office Name	Specify the office name.
   Educational Qualification	Specify the education qualification.
   Designation	Specify the designation.
   Employment Date Range	Select the employment start date and end date.
   Add /View Address	In this section you can add or view already captured address. Refer 3.2.1 Customer Information section for field level description of address task flow
   Income and Expense Details	The following are the different data elements which are available in this section. These values reckon as attributes for Quantitative score card calculation.
   Monthly Income	Specify the monthly income of parent or guardian in the below fields. Salary Business Interest Income Pension Bonus Rentals Cash Gifts Others
   Monthly Expenses	Specify the monthly expenses of parent or guardian in the below fields. Household Medical Education Vehicle Maintenance Rentals Others
   Liabilities	Specify the liabilities of parent or guardian in the below fields. Property Loans Vehicle Loans Personal Loans Card Outstandings Overdrafts Others
   Asset	Specify the asset of parent or guardian in the below fields. Savings Deposits Stocks/Funds Properties Automobiles Fixed Deposits Land Others
   Net Income	Displays the system automatically displays the net income over expenses.

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