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
Create an Asset
Collection of end points that relate to Tangible asset, arrangement and covenants creation, enables creation of Land & Building, Equipments, Specialised Assets
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Creates assets that fall under classification of vehicles
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Creates assets that fall under classification of equipments
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Creates assets that fall under classification of land & buildings
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Creates assets that fall under classification of specialised assets.
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Registers the tangible asset into the system by capturing the basic details like asset class, asset type, cost details, depreciation details.
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Creation of hire purchase agreement for the customer with terms & conditions.
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Creation of lease agreement for the customer with terms & conditions.
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Creation of chattel mortgage agreement for the customer with terms & conditions.
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Captures and accepts new insurance for an asset, specifying details such as the insurer, coverage amount, policy number, and coverage period.
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Captures and accepts details based on the the outcome of an inspection, including data such as the inspector, inspection date, status, and any comments about the assets condition.
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Captures and accepts details when an asset has been inspected and officially accepted by the organization, documenting the data such as acceptance date, accepting party, and status.
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Captures and accepts details when a vehicle has been inspected and officially accepted by the organization, documenting the data such as acceptance date, accepting party, and status.
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Activation of an asset finance agreement. This action marks that the asset is delivered to the lessee and the contract terms are initiated.