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Loan Classification

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Loan Classification
Introduction
The KASTLE Loan creation process is based on Workflow management principles. The process enables a bank to capture and maintain record of each step involved right from the initial customer interview stage till the actual creation of loan account in the system and subsequent disbursement of the loan.

The process may vary depending upon the Loan product being used, as in cases where the loan is to be granted only against collateral security or Guarantee registration, creation of loan application will not be permitted until and unless collateral or guarantor has been registered.

KASTLE handles the entire Loan process in a very structured fashion. Before commencing the processing of recording the details of the Loan, the Bank should ensure that the CIF is registered and credit limits have been defined for that particular customer (under CIF).

Customer Category

Customer Type
Code
Individual (Other Consumer Finance)
CIN
Individual (Other Credit)
OIN
Agriculture Primary Products
APP
Agro Based Finance
AGF
Consumer Auto Loan
CAL
Consumer Housing Finance
CHF
Consumer Loan for Professionals to Set-up Business
CLP
Consumer Unsecured Personal
CUP
Cottage Finance
COF
Large Finance
LFI
Loans to Brokerage House against Shares
BHS
Loans to Individual dealing share business
INS
Loans to Merchant Bank against Shares
MBS
Loans to Stock Dealer against Shares
SDS
Medium Finance
MFI
Micro Credit
MCR
Micro Finance
MIF
Other Finance
OFI
Short Term Agriculture Credit
STA
Small Finance
SFI
Staff Loan
STF
Other
OMC
Other Short Term Agriculture Credit
OSA

CCOD Account Creation& Limit Setup

Step
Screen
User
1.
62115-Customer Total Limit Registration
Credit In Charge
2.
62120-Top Down Customer Limit
Credit In Charge
3.
10010-Loan Consultation Register
Loan Teller
4.
10020-Loan Consultation Result Register
Credit In Charge
5.
63210-Approsal of Collateral Information
Credit In Charge/Loan
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