## Creating a Loan Application

Step | Action
1. | Begin by navigating to the Create Loan Application page. Click the Applications link.
2. | Click the Start Loan Application link.
3. | Use the Create Loan Application page to create and submit a loan application. You can choose a Loan Type and proceed with a Consumer Loan or a Business Loan.
4. | In this example, you will create a Business Loan. Click the Business Loan option.
5. | Click the Continue button.
6. | Use the Loan Details tab to enter basic information about the loan.
7. | The Application ID field automatically populates when the Create Loan Application page opens.
8. | The Product determines the loan type and some defaults for loan options. Some fields are not editable until you select the product. To select a loan product, you must search for it. Click the Product button.
9. | You can match All fields having a value, narrowing the search, or you can match Any field having a value, widening the search.
10. | You can specify search criteria or click Search without criteria to list all loan products. Click the Search button.
11. | The search lists loan products that meet your criteria. Select the loan product for which the applicant is applying. In this example, you will create an application for a Business Term Loan. Click an entry in the row.
12. | Click the Add button.
13. | After you select the product, some fields become editable and some are automatically populated. Note: All fields with an Asterisk (*) are required.
14. | Click in the Amount field.
15. | Enter the desired information into the Amount field. Enter a valid value e.g. "30000".
16. | You can change the Channel value if you are accepting loan application information through the Web, a Call Center, a Mobile device, or Others. The default for all products is Branch.
17. | The Interest Rate field automatically populates based on the product selected. You can change this value.
18. | You can enter more information in optional fields. Click in the Loan Purpose field.
19. | Enter the desired information into the Loan Purpose field. Enter a valid value e.g. "New business venture.".
20. | Click in the Term (in months) field.
21. | Enter the desired information into the Term (in months) field. Enter a valid value e.g. "48".
22. | Click in the Variable Rate field.
23. | Enter the desired information into the Variable Rate field. Enter a valid value e.g. "6".
24. | Click the Payment Frequency list.
25. | Click the Quarterly list item.
26. | Click the Business tab.
27. | Use the Business tab to add business details and business assets and liabilities.
28. | Click the Add button.
29. | Click in the Organization Name field.
30. | Enter the desired information into the Organization Name field. Enter a valid value e.g. "C Minor Copyleft".
31. | Click the Organization Type list.
32. | Click the Non Profit list item.
33. | Click in the Industry Type field.
34. | Enter the desired information into the Industry Type field. Enter a valid value e.g. "Music".
35. | Click the Organization Country list.
36. | Click the United States of America list item.
37. | Click the Organization State list.
38. | Click the California list item.
39. | Click in the Number Of Owners field.
40. | Enter the desired information into the Number Of Owners field. Enter a valid value e.g. "1".
41. | Click in the Number Of Employees field.
42. | Enter the desired information into the Number Of Employees field. Enter a valid value e.g. "20".
43. | Click in the Work Phone field.
44. | Enter the desired information into the Work Phone field. Enter a valid value e.g. "6505550101".
45. | Enter contact information as necessary. In this example, contact information has been completed for you.
46. | Click the Save button.
47. | Click the Assets & Liabilities tab.
48. | Use the Assets & Liabilities tab to enter business asset and liability information.
49. | Click the Add button.
50. | Click an entry in the row.
51. | Click the Type list.
52. | Click the Automobile list item.
53. | Click the Sub Type list.
54. | Click the Car list item.
55. | Click in the Value(USD) field.
56. | Enter the desired information into the Value(USD) field. Enter a valid value e.g. "25000".
57. | Click in the Institution field.
58. | Enter the desired information into the Institution field. Enter a valid value e.g. "Linkrusks Pvt. Ltd.".
59. | Click in the Account Number field.
60. | Enter the desired information into the Account Number field. Enter a valid value e.g. "20120754".
61. | Click the Ownership Type list.
62. | Click the Individual list item.
63. | Click in the Description field.
64. | Enter the desired information into the Description field. Enter a valid value e.g. "Mercedes Convertible".
65. | Click the Add button.
66. | Click an entry in the row.
67. | Click the Type list.
68. | Click the Loan list item.
69. | Click the Sub Type list.
70. | Click the Home Equity list item.
71. | Click in the Balance(USD) field.
72. | Enter the desired information into the Balance(USD) field. Enter a valid value e.g. "15000".
73. | Click in the Institution field.
74. | Enter the desired information into the Institution field. Enter a valid value e.g. "Bank of America".
75. | Click in the Account Number field.
76. | Enter the desired information into the Account Number field. Enter a valid value e.g. "412097554389461".
77. | Click the Ownership Type list.
78. | Click the Individual list item.
79. | Click in the Description field.
80. | Enter the desired information into the Description field. Enter a valid value e.g. "Home Equity Loan.".
81. | Click the Owners tab.
82. | Use the Owners tab to add owners, enter owner details, income and employment details, and assets and liability information.
83. | You can select an applicant from the existing list of saved applicants by clicking the Search button, or add a new applicant.
84. | In this example, you will add a new applicant. Click the Add button.
85. | Click in the Last Name field.
86. | Enter the desired information into the Last Name field. Enter a valid value e.g. "Smith".
87. | Click in the First Name field.
88. | Enter the desired information into the First Name field. Enter a valid value e.g. "Neviya".
89. | Click the Salutation list.
90. | Click the Miss list item.
91. | Click the Gender list.
92. | Click the Female list item.
93. | Click in the Government Id field.
94. | Enter the desired information into the Government Id field. Enter a valid value e.g. "978654320".
95. | Click in the Date of Birth field.
96. | Enter the desired information into the Date of Birth field. Enter a valid value e.g. "11/11/1988".
97. | Click the Nationality list.
98. | Click the American list item.
99. | Enter contact information as necessary. In this example, contact information has been completed for you.
100. | Click the Save button.
101. | Click the Owner Type list.
102. | Click the Primary list item.
103. | Click the Income & Employment tab.
104. | Use the Income & Employment tab to enter applicant income and employment details.
105. | Click in the Occupation field.
106. | Enter the desired information into the Occupation field. Enter a valid value e.g. "Chief Editor of a Music Magazine".
107. | Click in the Yearly Gross Income field.
108. | Enter the desired information into the Yearly Gross Income field. Enter a valid value e.g. "90000".
109. | Click the Add button.
110. | Click an entry in the row.
111. | Click in the Employer Name field.
112. | Enter the desired information into the * Employer Name field. Enter a valid value e.g. "CMV Music Zine".
113. | Enter the desired information into the Job Title field. Enter a valid value e.g. "Chief Editor".
114. | Enter the desired information into the Start Date field. Enter a valid value e.g. "10/10/2010".
115. | Click in the Employer Phone field.
116. | Enter the desired information into the * Employer Phone field. Enter a valid value e.g. "6505550102".
117. | Click the Assets & Liabilities tab.
118. | Use the Assets & Liabilities tab to enter owner asset and liability information.
119. | Click the Add button.
120. | Click an entry in the row.
121. | Click the Type list.
122. | Click the Real Estate list item.
123. | Click the Sub Type list.
124. | Click the Home list item.
125. | Click in the Value (USD) field.
126. | Enter the desired information into the Value (USD) field. Enter a valid value e.g. "100000".
127. | Click in the Institution field.
128. | Enter the desired information into the Institution field. Enter a valid value e.g. "SB Homes".
129. | Click in the Account Number field.
130. | Enter the desired information into the Account Number field. Enter a valid value e.g. "085278251995".
131. | Click the Ownership Type list.
132. | Click the Individual list item.
133. | Click in the Description field.
134. | Enter the desired information into the Description field. Enter a valid value e.g. "Private Villa".
135. | Click the Add button.
136. | Click an entry in the row.
137. | Click the Type list.
138. | Click the Credit list item.
139. | Click the Sub Type list.
140. | Click the Credit Card list item.
141. | Click in the Balance (USD) field.
142. | Enter the desired information into the Balance (USD) field. Enter a valid value e.g. "10000".
143. | Click in the Institution field.
144. | Enter the desired information into the Institution field. Enter a valid value e.g. "Bank of America".
145. | Click in the Account Number field.
146. | Enter the desired information into the Account Number field. Enter a valid value e.g. "474916490140287".
147. | Click the Ownership Type list.
148. | Click the Individual list item.
149. | Click in the Description field.
150. | Enter the desired information into the Description field. Enter a valid value e.g. "Credit balance.".
151. | Click the Submit button.
152. | You have completed the Creating a Loan Application topic. End of Procedure.