3.5.18.2 Manage Loan Securities - Collateral

This topic explains the systematic instructions for adding, modifying, unlinking, or replacing the collateral.

To manage the collateral:

Note:

The fields marked as Required are mandatory.

1. On the Manage Loan Securities screen, specify a collateral account.
   The loan and linked collateral details are displayed in the respective sections.

   Figure 3-82 Manage Loan Securities - Collateral Details

   
   

   
   Description of "Figure 3-82 Manage Loan Securities - Collateral Details"

   
   
2. Select the appropriate option from the Search by field.
3. Perform the required action, based on the option selected from the Search by field.

   Table 3-56 Manage Loan Securities - Collateral – Field Description

   Field	Description
   Search by	Users can search for an account number by using any of the available search criteria. The account number is set as the default search option. Users can specify the account number directly in the adjacent field or search for an account number by clicking the Search icon. Users can also search for the specific account number by providing customer ID, account number, or account name. Other search options available in the Search by field are Customer ID, SSN, Mobile Number, and Email. A specific customer ID can be searched by providing the customer name or customer ID. If SSN, mobile, or email IDs are chosen to find an account number, the respective IDs have to be input entirely in the adjacent field for the system to display the account number. For a given search criteria, multiple account numbers may be linked. For example, two or more account numbers can be linked to a single mobile number. In such cases, the system displays all the account number matches and the user can select the relevant account number on which to perform a servicing operation.
   Loan details	This section displays the basic loan details of the selected account.
   Sanctioned Amount	Displays the sanctioned loan amount.
   Outstanding Amount	Displays the outstanding amount for the loan account.
   Maturity Date	Displays the maturity date of the loan amount.
   Yet to be disbursed	Displays the amount yet to be disbursed.
   Outstanding Principal	Displays the outstanding principal amount on the loan account.
   Collateral coverage required	Displays the amount for which collateral coverage is required.
   Update utilization	Displays whether the utilization is to be updated.
   Select Amendment	Select the option for performing the amendment. The options are: Add Modify Replace Unlink

• Add Collateral
  This topic explains the systematic instructions for adding a collateral to the loan account.
• Modify Collateral
  This topic explains the systematic instructions for modifying the collateral details.
• Replace Collateral
  This topic explains the systematic instructions for adding a collateral to the loan account.
• Unlink Collateral
  This topic explains the systematic instructions for unlinking a collateral from the loan account.