PrimeSoft Solutions (K) Ltd

SAVCO 3.5 & 4.x

Loan Applications

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

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

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

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

Loan Application Window

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

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

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

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

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

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.

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.

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.

PrimeSoft Solutions (K) Ltd