Creating a Loan Application

Begin by navigating to the Create Loan Application page.

In this example, you will create a Business Loan.

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.

You can specify search criteria or click Search without criteria to list all loan products.

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.

You can enter more information in optional fields.

In this example, you will add a new applicant.

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.

Use the Loan Details tab to enter basic information about the loan.

The Application ID field automatically populates when the Create Loan Application page opens.

You can match All fields having a value, narrowing the search, or you can match Any field having a value, widening the search.

After you select the product, some fields become editable and some are automatically populated.

Note: All fields with an Asterisk (*) are required.

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.

The Interest Rate field automatically populates based on the product selected. You can change this value.

Use the Business tab to add business details and business assets and liabilities.

Use the Assets & Liabilities tab to enter business asset and liability information.

Use the Owners tab to add owners, enter owner details, income and employment details, and assets and liability information.

You can select an applicant from the existing list of saved applicants by clicking the Search button, or add a new applicant.

Use the Income & Employment tab to enter applicant income and employment details.

Use the Assets & Liabilities tab to enter owner asset and liability information.

Enter contact information as necessary. In this example, contact information has been completed for you.

Enter contact information as necessary. In this example, contact information has been completed for you.

Creating a Loan Application

You have completed the Creating a Loan Application topic.

Click the Applications link.
Click the Start Loan Application link.
Click the Business Loan option.
Click the Continue button.
Click the Product button.
Click the Search button.
Click an entry in the row.
Click the Add button.
Click the No data to display object.
Click in the Amount field.
Enter the desired information into the Amount field. Enter
a valid value
e.g.
"30000"
.
Click in the Loan Purpose field.
Enter the desired information into the Loan Purpose field. Enter
a valid value
e.g.
"New business venture."
.
Click in the Term (in months) field.
Enter the desired information into the Term (in months) field. Enter
a valid value
e.g.
"48"
.
Click in the Variable Rate field.
Enter the desired information into the Variable Rate field. Enter
a valid value
e.g.
"6"
.
Click the Payment Frequency list.
Click the Quarterly list item.
Click the Business tab.
Click the Add button.
Click in the Organization Name field.
Enter the desired information into the Organization Name field. Enter
a valid value
e.g.
"C Minor Copyleft"
.
Click the Organization Type list.
Click the Non Profit list item.
Click in the Industry Type field.
Enter the desired information into the Industry Type field. Enter
a valid value
e.g.
"Music"
.
Click the Organization Country list.
Click the United States of America list item.
Click the Organization State list.
Click the California list item.
Click in the Number Of Owners field.
Click in the Number Of Employees field.
Enter the desired information into the Number Of Employees field. Enter
a valid value
e.g.
"20"
.
Click in the Work Phone field.
Enter the desired information into the Work Phone field. Enter
a valid value
e.g.
"6505550101"
.
Click the Save button.
Click the Assets & Liabilities tab.
Click the Add button.
Click an entry in the row.
Click the Type list.
Click the Automobile list item.
Click the Sub Type list.
Click the Car list item.
Click in the Value(USD) field.
Enter the desired information into the Value(USD) field. Enter
a valid value
e.g.
"25000"
.
Click in the Institution field.
Enter the desired information into the Institution field. Enter
a valid value
e.g.
"Linkrusks Pvt. Ltd."
.
Click in the Account Number field.
Enter the desired information into the Account Number field. Enter
a valid value
e.g.
"20120754"
.
Click the Ownership Type list.
Click the Individual list item.
Click in the Description field.
Enter the desired information into the Description field. Enter
a valid value
e.g.
"Mercedes Convertible"
.
Click the Add button.
Click an entry in the row.
Click the Type list.
Click the Loan list item.
Click the Sub Type list.
Click the Home Equity list item.
Click in the Balance(USD) field.
Enter the desired information into the Balance(USD) field. Enter
a valid value
e.g.
"15000"
.
Click in the Institution field.
Enter the desired information into the Institution field. Enter
a valid value
e.g.
"Bank of America"
.
Click in the Account Number field.
Enter the desired information into the Account Number field. Enter
a valid value
e.g.
"412097554389461"
.
Click the Ownership Type list.
Click the Individual list item.
Click in the Description field.
Enter the desired information into the Description field. Enter
a valid value
e.g.
"Home Equity Loan."
.
Click the Owners tab.
Click the Add button.
Click in the Last Name field.
Enter the desired information into the Last Name field. Enter
a valid value
e.g.
"Smith"
.
Click in the First Name field.
Enter the desired information into the First Name field. Enter
a valid value
e.g.
"Neviya"
.
Click the Salutation list.
Click the Miss list item.
Click the Gender list.
Click the Female list item.
Click in the Government Id field.
Enter the desired information into the Government Id field. Enter
a valid value
e.g.
"978654320"
.
Click in the Date of Birth field.
Enter the desired information into the Date of Birth field. Enter
a valid value
e.g.
"11/11/1988"
.
Click the Nationality list.
Click the American list item.
Click the Save button.
Click the Owner Type list.
Click the Primary list item.
Click the Income & Employment tab.
Click in the Occupation field.
Enter the desired information into the Occupation field. Enter
a valid value
e.g.
"Chief Editor of a Music Magazine"
.
Click in the Yearly Gross Income field.
Enter the desired information into the Yearly Gross Income field. Enter
a valid value
e.g.
"90000"
.
Click the Add button.
Click an entry in the row.
Click in the Employer Name field.
Enter the desired information into the * Employer Name field. Enter
a valid value
e.g.
"CMV Music Zine"
.
Enter the desired information into the Job Title field. Enter
a valid value
e.g.
"Chief Editor"
.
Enter the desired information into the Start Date field. Enter
a valid value
e.g.
"10/10/2010"
.
Click in the Employer Phone field.
Enter the desired information into the * Employer Phone field. Enter
a valid value
e.g.
"6505550102"
.
Click the Assets & Liabilities tab.
Click the Add button.
Click an entry in the row.
Click the Type list.
Click the Real Estate list item.
Click the Sub Type list.
Click the Home list item.
Click in the Value (USD) field.
Enter the desired information into the Value (USD) field. Enter
a valid value
e.g.
"100000"
.
Click in the Institution field.
Enter the desired information into the Institution field. Enter
a valid value
e.g.
"SB Homes"
.
Click in the Account Number field.
Enter the desired information into the Account Number field. Enter
a valid value
e.g.
"085278251995"
.
Click the Ownership Type list.
Click the Individual list item.
Click in the Description field.
Enter the desired information into the Description field. Enter
a valid value
e.g.
"Private Villa"
.
Click the Add button.
Click an entry in the row.
Click the Type list.
Click the Credit list item.
Click the Sub Type list.
Click the Credit Card list item.
Click in the Balance (USD) field.
Enter the desired information into the Balance (USD) field. Enter
a valid value
e.g.
"10000"
.
Click in the Institution field.
Enter the desired information into the Institution field. Enter
a valid value
e.g.
"Bank of America"
.
Click in the Account Number field.
Enter the desired information into the Account Number field. Enter
a valid value
e.g.
"474916490140287"
.
Click the Ownership Type list.
Click the Individual list item.
Click in the Description field.
Enter the desired information into the Description field. Enter
a valid value
e.g.
"Credit balance."
.
Click the Submit button.
Enter the desired information into the Number Of Owners field. Enter
a valid value
e.g.
"1"
.
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