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7/29/2019 Cbs-219-Jobcard-laps-special Mention About the Retail Products
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Andhra Bank(A Govt. of India Undertaking)
Dept. of Information Technology, D Block, III Floor,"Cyber Gateway", Hitec City, Madhapur,
HYDERABAD - 500 081______________________________________________________________________CBS Doc. No. 219 Dated: 08.12.2010
LAPS MODULE:
SPECIAL MENTION ABOUT THE RETAIL PRODUCTS
1. CLEAN LOANS:
A) Loan Product Selection:
Clean Loans Salaried (for salaried customers) (ZO Sanction)
Clean Loans Non-Salaried (for professional and self-employed customers)(ZO Sanction)
Clean Loans LIC Agents (ZO Sanction)
Clean Loans Pensioners (for Pensioner customers) (Sanction at branchlevel will be allowed subject to their discretionary powers.)
Clean Loans Branches with CAP Limits (to be selected by those branches
which are given separate CAP limits by their ZOs for sanction of clean loans
for select group of customers. Sanction at branch level will be allowedsubject to their discretionary powers.
B) Loan Product Page:
Type of Proposal: Select Fresh / Repeat for sanction of 8 / 10 times of grosssalary as the case may be.
C) APPRAISAL:
In case of sending the proposal to ZO the portfolio details are to be filled in. Sanction Power: Please enter the designation in whose sanction power the
proposal falls. This will be printed in the appraisal note.
Sanction Level: Branch / ZO / HO. If ZO is selected then the Clean Loan isassessed at 18 times of gross salary as if it is being processed in ZO as the
proposal will be sent to ZO for sanction.
2. HOUSING LOANS:
A) Loan Product Selection: Housing Loan General Housing Loan with 8.5% (Special Scheme)
B) Loan Product Page: Amount Requested: Amount applied by the applicant
Project Cost: Total Project cost (Flat Cost + Registration expenses + otherexpenses = Total Cost)
Select Interest Type Floating except for 8.5% special scheme. For 8.5%Special Scheme select fixed interest type.
Loan Period: This period is inclusive of holiday / gestation period. Rate of
interest applicable for the total loan period will be populated. Max 258
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months i.e. 240 EMI + 18 months gestation will be populated. Select
appropriate period i.e. the repayment should be max. 240 EMI + Gestation
max 18 months. Eg. If gestation / holiday period is 12 months then totalloan period should be 252 (i.e. 240 + 12) give loan period as 252 monthsonly.
Lock payment during Holiday: This selection is most important as dependingupon this selection only the Repayment start date, Interest demand effectivedate etc. will be taken which will have bearing on flow structure / overdues
calculation.
Principal only: i.e. No recovery towards principal during holidayperiod. Only interest and charges to be repaid as and when
debited during the holiday period.
Interest only: i.e. No recovery towards interest during holidayperiod. This is applicable for staff loans only.
Both: No recovery at all during the holiday period. i.e. interest
during holiday period is to be capitalized on repayment start date
through HLARA in Finacle.
Location Type: Select Metro / Urban / Semi-urban / Rural: dependingupon the location selected the scheme maximum amount will bepopulated by the system in assessment.
Purpose Type: select the correct purpose i.e. Construction / Out-right
purchase / take over. Depending upon this selection the appropriatemargin will be calculated on the project cost. Eg. If construction isselected 25% margin will be maintained, if out-right purchase is selected
15% margin will be maintained and if take over is selected 0% margin
is maintained on the project cost to assess the eligible amount.
PROPOSED ASSET:
This is the most important screen wherein the data related to theproposed property will be given and some other important inputs for
assessment of eligibility will be taken here. The details of the property
entered in this screen will be taken as primary security by default.
Purpose of Loan: Select appropriate purpose.
Asset Type: Flat / HouseDepending upon the above selection the screen input details will be
displayed accordingly.
Survey No and Address: This is the address which will be taken as
address of the proposed asset / property. This address will beprinted in the appraisal note / sanction letter as location of the
proposed flat / house and also in the proposed RF255 / RF256 legaldocument as address of the proposed property i.e. primarysecurity.
Provide the details of the proposed Flat i.e. Area, undivided shareof land, floor and specific flat no etc. in case of purchase of flat. In
case of House give the relevant particulars.
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Expected Rent per month: Enter the expected rent from the
proposed property here. 50% of this will be taken for calculationof eligible loan amount in assessment.
Income tax benefit after availing loan: This is the monthly income
tax benefit the applicant is going to get after acquiring theproposed house / flat. Please ensure to take the monthly incometax deduction as per salary slip or the monthly income tax benefit
derived by the applicant whichever lower is to be taken. This
amount will be added back to the net salary of the applicant toarrive at 30% take home pay eligibility.
Estimated Cost and Sources: Enter the data as per the estimategiven by the vendor / applicant. The total at both sides shouldtally and the total should tally with the project cost entered in the
loan product page.
Legal Opinion: This is a simplified data capture. Enter the details
which will be printed in the appraisal note. This is not mandatory.
Valuation Entry: This is a simplified data capture. Enter the detailswhich will be printed in the appraisal note. This is not mandatory.
Pre-sanction Report: This is the field inspection report to be givenby the Branch Manager / Officer.
C) CO-APPLICANT / GUARANTOR: To select the co-applicant / co-obligant /
guarantor. In case of co-applicant there is provision for adding the gross income andnet salary of the co-applicant to that of the main applicant in arriving at the
eligibility. On selection of the co-applicant if you select yes for the option include
income for eligibility then the income of the co-applicant is added to that of the mainapplicant and eligibility will be calculated and also the net salary of the co-applicantwill be added to that of the main applicant to arrive at the 30% take home pay
salary.
3. EDUCATIONAL LOANS:
A) LOAN PRODUCT SCREEN:
Enter the Amount requested and project cost.
Loan period: Here please give the exact repayment period i.e. so many EMIs
/ Months without adding the gestation period / course period. Because therepayment schedule is hard coded while printing in appraisal note / sanction
letter / communication of sanction to borrower etc. Further while openingloan account in Finacle care is taken to add the course period + one year asgestation period to the repayment period given as above to arrive at the total
loan period.
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HOLIDAY PERIOD: Do not enter any period here. As the holiday period is
calculated as above please do not visit / touch this field at all in case of
education loans.
Co-applicant / Guarantor: Add the co-obligant(s).
EDUCATIONAL LOAN TAB: Click this tab to enter the full particulars of theEducational Loan details such as student particulars, qualifying examinationdetails, scholar ship details, Course details, course expenses etc. In case of
Educational Loan-abroad please mention the expenditure / cost in the foreign
currency in the relative tab which will be printed in the appraisal note. Thefollowing are the sub-tabs in this main tab.
STUDENT PARTICULARS: Select the name of the father / mother /guardian as co-obligant and fill up the other relevant particulars. Thepassport particulars are to be entered in the customer profile itself
which will be populated here. The issuing office and issue date of
VISA, if any, have to be entered here. If any change is theresubsequently also in case of renewal etc. it may be modified in this tab
only.
EDUCATIONAL DETAILS: Enter the qualifying examination details /previous qualifications details record by record by invoking the new
button.
SCHOLARSHIP DETAILS: Enter the scholarship details if any. This isonly for information purpose only.
COURSE DETAILS: This is the most important tab. The followingfields are the important ones and care has to be taken while entering
the data.
Duration of the Course: The total duration of course is to beentered here. The remaining course period is to be entered
here when financing for an already studying student in the
middle of the course. This period is taken in calculating thetotal loan period while opening loan account in finacleautomatically through interface module.
Enter the expected monthly income and expenditure aftercompletion of the course has to be entered. This data is
captured in the appraisal note and the future income will be
shown. The entry of this data is logical as the primary securityin case of educational loan is assignment of future income.
COURSE EXPENSES: Here the cost of the course items of the cost and
means / sources of finance including the scholarship amount, if any, have tobe entered. The total of Cost of estimates should tally with the total of Meansof Finance and both should tally with the project cost.
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4. CONSUMER LOANS:
PROPOSED ASSET: The particulars of the proposed asset / consumerdurable have to be entered here. Then the assessment will be done onthe basis of the margin also. The asset particulars entered will be
taken automatically as primary security in the proposal / sanction etc.
5. VEHICLE LOANS:
Product Selection:
Vehicle Loans Two Wheeler (New)
Vehicle Loans Four Wheeler (New)
Vehicle Loans 2nd hand Four Wheeler
Vehicle Loans Premium Car Loan Vehicle Loans Vanitha Vahan Two Wheeler
Vehicle Loans Vanitha Vahan Four Wheeler
PROPOSED ASSET: The particulars of the proposed vehicle Brandname, model, cost of vehicle, cost of accessories, Garage certificate
particulars in case of 2nd hand vehicle, dealer / supplier particulars etchave to be entered.
Then only the cost of vehicle will be taken into consideration andassessment will be made by the system as per the margin prescribed
along with sub-limits for the accessories.
6. MORTGAGE LOANS:
The details of the mortgaged property are to be entered in the Land and Buildingstab under Assets and Liabilities screen. The security is to be shown as primary by
selecting type of security as Primary. Then 50% of the value of the property will be
taken as one of the eligible criteria.
7. RENT RECEIVABLES:
RENT DETAILS TAB:
PROPERTY DETAILS: Total property and the let out portion detail may beentered in this screen.
LESSEE DETAILS: Lessee particulars have to be entered in this screen. Key
Financial indicators of the Lessee may be entered in this screen by selectionof YES and the Details button.
DETAILS OF RENT RECEIVABLES: Enter the Lease period, Rent receivable per
month, Total TDS amount for the entire period. Then system automaticallycalculates the Maintenance amount at 15% and arrives at the Net RentReceivables. In the assessment the system shows the Eligible loan amount.
// End of Document//