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Introduction |
This screen allows you to model the loan for the product selected. |
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Navigation |
The following is the navigation for this option:
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What you can do |
The table below provides a brief description of the data displayed on the screen and the functions you can perform: |
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Short Term Loan- Details The name of the product and its details such as, Loan Amount, Repayment Period, Interest Details, and so on. |
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Interest Details |
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Slab No. |
The number of the slab for which the loan scheme model is calculated. |
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Begin Amount |
The amount from which interest is calculated. |
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End Amount |
The amount up to which interest is calculated. |
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Interest Percentage |
The percentage at which the interest is calculated. |
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Specify values in the following fields to compute loan maturity details. |
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Loan Amount |
The amount for which loan is availed. |
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Loan Start Date |
Specify the date on which the loan is availed. Default date is the current date. You can select the date from calendar widget. Note: In Account Based Modeling, this is a read only field which gets its value from account details. |
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Payback Period |
Specify the period over which the loan would be repaid. You can select the period from the drop-down list. Note: The value specified should be less than or equal to the maximum repayment period for the scheme selected. |
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Preferred Interest Rate |
Specify the preferred rate of interest. This is an optional field. If it is not specified, the loan repayment is calculated at the rate specified for the scheme. Note: In Account Based Modeling, this is a read only field which gets its value from account details. |
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Frequency |
From the drop-down list, select the frequency at which the loan can be repaid. Note: In Account Based Modeling, this is a read only field which gets its value from account details. |
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Installment Amount |
The installment amount for repayment. Note: In Account Based Modeling, this is a read only field which gets its value from account details. |
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Balloon Amount |
The lump sum amount that may have to be paid with the last installment. |
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Compute |
View graph indicating the components of the repayment schedule is displayed. The X axis of the graph indicates the number of installments. The Y axis represents the following components of the repayment amount:
Each component of the repayment amount is shown in a different color. |
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Back |
Return to the previous screen. |