Loan boarded by a bank and bought back by the lender

  • Updated

Loan boarded by a bank and bought back by the lender

Lenders can now manage the boarding, disbursal, and buy back of loans from a new tab called Buyback Process in the CL Loan application. The functionality is provided through the Buyback Process tab in the CL Loan application. The details of the buy back are viewed in the Buyback Parameters region of the CL Contract Details tab.

If these are not visible on the interface by default, you can add these manually. 

  • To add the Buyback Parameters region, add the required fields directly to the CL Contract object, or create a Related List called Buyback Parameters and add the fields to it. Refer to the Create a Section or a Related List on a Page procedure for steps to do this. Refer to the Recommended Layout section below for the list of fields to add.
  • Add the Buyback Process tab from All Tabs. Refer to the Create and Add a Tab (Navigation Item) to a Page procedure for steps to do this.

Recommended layout

The following image displays the suggested layout for the Buyback Process tab:

The following image displays the suggested layout and list of the Buyback Parameters: