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## 2.6.1.1 Basic Details

This topic describes about configuring type of the product segment as Loan or Lease and its brief description and validity period.

Product creation starts with basic details wherein the product code and its description will be detailed. The product will be classified as per its purpose based on the product type field. The product validity will be defined in terms of its start date and end date respectively.

1. From Home screen, click Retail Lending. Under Retail Lending, click Maintenance.
2. Under Maintenance, click Product Segment, then click Create Product Segment.
   The Basic Details screen is displayed.

   Figure 2-14 Basic Details
   Description of the illustration create-product-basic-details.png

3. Specify the fields on Basic Details screen.

   Note:

   The fields marked as Required are mandatory.
   For more information on fields, refer to the field description table.

   Table 2-14 Basic Details - Field Description

   Field | Description
   --- | ---
   Code | Specify a unique code. A product code can be of a maximum of 4 characters that includes alphabets and numerical values. Special and negative character inputs are not supported.
   Description | Specify the description of the code. The description can be of a maximum of 240 characters that includes alphabets, numerical and restricted special characters.
   Type | Select the type as Loan from the drop-down list. The available options are: Loan Lease Note: Lease is for future use.
   Start Date | Specify the start date from when the product segment is valid. Note: Onboarding a loan account with start date before the start date of the product segment code is not allowed.
   End Date | Specify the end date till which the product segment is valid. Note: Onboarding a loan account under a product segment where the end date has elapsed is restricted.

4. Click Cancel to discard the changes and close the window.
5. Click Save and Close to save and close the details.
6. Click Next to save and navigate to the next screen (Component Linkage).

Parent topic: Create Product Segment