View Loan Accounts

Introduction

This screen displays the loan account details and security details linked to the account.  

The details of the account are called from the backend.  If the host is not available then the System fetches the data from the ebanking database.

Where the User does not have Inquiry access to the account and has only Transaction access to the account, the message ‘Invalid Account Number/Access’ will be displayed.

The fields available in online mode from the backend are Accrued Interest, Float Balance and Other Balance.  

Navigation

The following is the navigation for this option:

•  Click Account Nickname in the View Loan Accounts screen.

• The View Loan Accounts screen is displayed.

What you can do

The table below provides a brief description of the data that should be entered on the screen and the functions you can perform:

Field

Description

(Corporate Name) (Currency) (Account Number)

General Details

Account

Select the account ID from the drop-down list.

Note:

By default the preselected account number will be displayed, however user is given an option to change the account number by selecting the account number from the drop-down list. This will help the user to view the account details without navigating back to the main screen.

Account Nickname

The short name assigned to the account. This can be modified using ‘Update Account Preference’ under the ‘General Administration’ option in the Administration menu.

Account Name

The name of the account

Account Status

The status of the account, whether Active, Inactive etc.

Account Type

The type of operative account, whether Savings, Loan etc.

If the Account Type provided is invalid i.e not of Loan Account Types allowed, then the message ‘Invalid Account Type’ is displayed.

Account Category

The scheme code or category under which the account has been opened.

Branch

The Branch where the account is held.

Account Open Date

The date on which the account was opened.

Currency

The currency in which the account is held.

Primary Account  

Indicates if the account is a primary account. A primary account is an account which a customer normally operates.

For Example:

If the customer holds five different accounts, then the customer can designate one account as the primary account. When the customer logs on to the online banking system, the balances in your primary account are displayed by default. The customer can carry out transactions in this account. If the customer wants to carry out transactions or view balances in any other account, specify the account number.

Sanctioned Date

The date on which the loan was sanctioned.

Sanctioned Amount

The total amount of the loan sanctioned.

Disbursed Amount

The actual amount of the loan disbursed from the sanctioned amount.

Liability Amount

The actual loan amount which the user is liable to pay.

Loan Period in Months

The period of the loan specified in months.

Loan Period in Days

The period of the loan specified in days.

Next Installment Due Date

The date when the next installment amount is due from the customer.

Installment Amount

The amount of the installment that the customer is liable to pay.

Overdue Amount

If any amount is overdue or pending from the customer.

Interest Rate

The interest rate at which the loan is taken.

Customer Details

Customer ID

The customer ID to which the account is linked

Customer Name

The name of the customer

Balance Details

Available Balance

The total amount available to the customer. It includes TOD allowed, instruments to be processed, etc. It is the amount, on which the bank has placed no restrictions / lien and is available for immediate withdrawal.

Ledger Balance

The actual ledger balance.

Float Balance

The sum of all the instruments that have been entered as well as released to shadow balance for the account.

Other Balance

Any other balance as defined by the user.

Repayment Details

Principal Overdue

The amount of the principal which is overdue to be paid.

Last Repayment Date

The date on which the last installment was paid.