Payments
Given below are the service operations for Payments.
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Reject response of a claim received by the issuing bank to the beneficiary bank
Create a Business Loan
You can create start-up loans, small business loans, and other banking loans (flexi pay, risk-free) with or without collateral, based on the selected product. Some loans have a defined maturity date, while others have the capability to be renewed or rolled over when the loan reaches the maturity date. You can create Business Banking (BB), Small Business loan and BB Start Up Loan using this service.
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Creates a business banking loan for a single or joint customer
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Creates a new drawdown offer for the required customer.
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Renegotiate the offer drawdown for the required customer.
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Accept the offer drawdown for the retail loan and convert offer drawdown into a live loan arrangement.
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Create rollover process from the drawdown where the rollover could be a split rollover, merge rollover or a one to one rollover. Split also called as one to many will rollover an old loan and create multiple new offer loans. Merge also called as many to one will rollover multiple old loans simultaneously and create a single new offer loan. Rollover also called as one to one will simply rollover an old loan and create a new offer loan
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Creates a drawdown for the specified customer by capturing necessary details such as interest, payment schedule, repayment, and settlement instructions. Through this service, the drawdown will be auto approved on creation.
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Splits/Merge/Rollover in Drawings level