Loan
This page provides a quick summary of the application, payment terms, and conditions. It has the following subsequent sections:
Loan Summary- Select it to know more details about the application.
Edit the required details (if the application is not locked) and then select Save.
| Field Name | Description |
|---|---|
| Requested Loan Amount | This field represents the loan amount that was entered while creating the application. |
| Loan Amount | |
| Branch | |
| Asset Class | |
| Product | |
| Owner | |
| Purpose | |
| Stage | |
| Status | This field represents the application status. |
| Deal Rating | |
| Loan to Value Ratio | This field represents, the Loan-to-Value (LTV) ratio, the ratio of a loan to the value of an asset purchased. The term is commonly used by financial institutions to represent the ratio of the loan borrowed as a percentage of the total appraised value of a real estate property, considering LTV as a factor of loan repayment capacity. |
| Loan Number | This field represents the loan application number. |
Payment Terms - Select it to know more about the payment schedule, terms, interest rate, etc.
Edit the required details (if the application is not locked) and then select Save.
Note:
On editing the Requested Loan Amount, Term, Payment Frequency, Amortization Term, Interest Rate, Interest Only Period, the Payment Amount gets recalculated and the updated value is displayed on the application details page.
| Field Name | Description |
|---|---|
| Interest Rate | |
| Term | |
| Amortization Term | |
| Payment Frequency | |
| Expected Close Date | |
| Expected First Payment Date | |
| Payment Amount | |
| Maturity Date | |
| Interest Calculation Method | |
| Repayment Procedure | |
| Due_Day | If this field is NULL, it will have the Expected First Payment Date value. |
Loan Codes -
| Field Name | Description |
|---|---|
| Call Code | |
| Class Code | |
| Portfolio Code | |
| Primary Collateral Code |