Loan Application

General Description:
Header Fields Description:
Detail Fields Description:
TOC

General Description:

This screen is used to capture the details of a loan application. Only approved applications should be entered into the system. A Loan Application cannot be updated or deleted if disbursement is made and Payroll Processing has been started. Also please note that once a Loan application has been entered, it starts appearing in the Payroll Process and automatic deduction of loan amount starts with the next Payroll run.

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Header Fields Description:

Employee No Employee Number

Employee NameEmployee Name

Designation Designation of the employee

Grade Grade of the employee

Location Current location of the employee

Loan Code Unique code to identify the type of loan.

Applied Amount Amount applied as loan

Date Applied Date of application of loan

Eligible Amount Amount to which the employee is eligible

Details of loan to be taken Loan Particulars, if any

Fully Repaid Indicates whether the loan is repaid fully or not

Sanctioned Amount Amount sanctioned as loan

Sanction Date Date on which the loan is sanctioned

Recovery Year Start Month Indicates the Year-Month in YYYYMM format from which the realization o the approved loan will be started.

Total no. Of Instalments Indicates the number of instalments in which the loan amount is to be paid back with interest.

No. Of Instalments (Principal Recovery) Total number of instalments in which the principal amount will be recovered.

No. Of Instalments (Interest Recovery)Total number of instalments in which the interest amount will be recovered.

Instalment Amount Amount of instalment (Principal+ Interest)

Approved By Name of the approving authority

Approver's Remarks Approver's remarks, if any

No. Of Instalments (Principal) Paid Number of instalments paid for Principal amount.

No. Of Instalments (Interest) Paid Number of instalments paid for the Interest amount.

No. Of Instalments Paid Total number of instalments paid till date

Total Amount PaidTotal amount paid including principal and interest till date

Principal Paid Amount of principal paid till date

Interest Paid Amount of interest paid till date

Outstanding BalanceTotal balance due.

Outstanding Balance (Principal) Principal due

Outstanding Balance (Interest) Interest due.

Applied for Type of Loan applied for.

Nearest Branch of Construction Nearest Branch to the site of construction.

Documents Submitted Check flag indicating whether all relevant documents are have been submitted or not

Name of City/Town/Village Name of the city/town/village

Name Of Mouza And J.L No Name of Mouza and J.L. number.

Khatian No Khatian number

Dag/C.S Plot No Dag/C.S Plot number.

No Of Deed Deed number.

Parent No Of Deed Parent number of the Deed

Volume Of Deed Volume number of deed

Book No Book number

Page No Page number

Registered At Place of registration

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Detail Fields Description:

Actual Disb. Date The date when the loan is actually disbursed.

Actual Disb. Amount Actual amount disbursed

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