primesoft solutions (k) ltd savco 3.5 & 4.x loan applications
TRANSCRIPT
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PrimeSoft Solutions (K) Ltd
SAVCO 3.5 & 4.x
Loan Applications
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Loan Components
Loan ApplicationsLoan Applications On Going LoansOn Going Loans
Loan ProductLoan Product Regular RemittancesRegular Remittances
Interest MethodsInterest Methods Statement ReportsStatement Reports
Defaulters ManagementDefaulters Management
Due GenerationsDue Generations
Penalty GenerationsPenalty Generations
Interest Write OffsInterest Write Offs
Repayment AdjustmentsRepayment AdjustmentsControls & ConditionsControls & Conditions
Guarantors & ChecksGuarantors & Checks
Charges & CommissionsCharges & Commissions
Appraisals & ApprovalsAppraisals & Approvals
Amounts & AmortizationAmounts & Amortization
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Loan Application Cycle
Entered Into
SAVCO
Printed with Guarantor report and
sent to loan Committee
Loan Committee Approves or Rejects
Loan Approved in SAVCO by Loan Officer
Loan Applicant Advised
Loan Application
Live Balances and Regular Remittances
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Loan Applications
Loan Application Components:•Application Details•Guarantors•Charges & Commissions•Amortizations•Product Configuration•Company User Settings
Loan Application Components:•Application Details•Guarantors•Charges & Commissions•Amortizations•Product Configuration•Company User Settings
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Loan Application Basic Details
Loan Basic Details:•Loan Product and Methods•Applied & Approved •Interest Rates•Repay Amount & Period•Amortization
Loan Basic Details:•Loan Product and Methods•Applied & Approved •Interest Rates•Repay Amount & Period•Amortization
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Loan Application Window
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Loan Details Part 1
Date Member SubmittedDate Member Submitted
Amount Requested by MemberAmount Requested by Member
Interest may be Product BasedInterest may be Product Based
Check Off Start DateCheck Off Start Date
Statistical - For Reporting OnlyStatistical - For Reporting Only
Amount AvailableAmount Available
Statistical Date - DisbursementStatistical Date - Disbursement
Optional DescriptionOptional Description
Method to Calculate InterestMethod to Calculate Interest
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Loan Details Part 2
Ledger Account to Register LoanLedger Account to Register Loan
Amount of Each InstallmentAmount of Each Installment
First Installment for PlanningFirst Installment for Planning
Collateral Value for FilingCollateral Value for Filing
Sum of Charges & CommissionsSum of Charges & Commissions
Number Payment InstallmentsNumber Payment Installments
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Loan Transaction Action Icons
Creates New Loan ApplicationSave Changes on Selected
Remove Selected Loan
Check GuarantorsApproves & Posts Loan to Ledgers
Create Loan AppraisalPrint Previews Loan Application
Export Loan to Excel Workbook
Clear Texts on Screen
Re Query Loans for Selected MemberCheck Loan & Share Balances
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Loan Product Selection
The Following Defaults are Auto Adjusted Upon Selecting
•Interest Rate & Method•Minimum Repay Period•Repay Frequency•Ledger Account
The Following Defaults are Auto Adjusted Upon Selecting
•Interest Rate & Method•Minimum Repay Period•Repay Frequency•Ledger Account
You Can Accept Defaults or Change Whenever PossibleYou Can Accept Defaults or Change Whenever Possible
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Interest Methods – Refer to User Guide/Help
Interest Calculating Methods:Declining Balance
•Equal Payments Excluding Interest
•Equal Payment & Interest
•Interest Inclusive Equal Total Payments
Others
•Fixed Interest & Repayment - Straight
•Fixed Add On Interest
Interest Calculating Methods:Declining Balance
•Equal Payments Excluding Interest
•Equal Payment & Interest
•Interest Inclusive Equal Total Payments
Others
•Fixed Interest & Repayment - Straight
•Fixed Add On Interest
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Guarantors
Entered before a Loan is Approved and are Controlled by Loan Product Settings and Design.
You can use Flat Amounts or Percentages to Calculate Guaranteed Amount From Each Guarantor. Percentage is the Most Preferable as It Gives Better Tracking.
Entered before a Loan is Approved and are Controlled by Loan Product Settings and Design.
You can use Flat Amounts or Percentages to Calculate Guaranteed Amount From Each Guarantor. Percentage is the Most Preferable as It Gives Better Tracking.
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Charges and Commissions
•Based on Loan Product and Generated Automatically.
•Can Enter Own Special Charge/Recovery.
•Based on Loan Product and Generated Automatically.
•Can Enter Own Special Charge/Recovery.
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Approving Loan
Approving Checks•Guarantors if Required•Loan Product Controls
•Shares, Deposits, Fully Guaranteed, etc
•Forces Appraisal if Required
Approving Checks•Guarantors if Required•Loan Product Controls
•Shares, Deposits, Fully Guaranteed, etc
•Forces Appraisal if Required
You must have approval rights for you to proceed.You must have approval rights for you to proceed.
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PrimeSoft Solutions (K) Ltd