Corporate lending

Once a loan application has been received it will show up as pending in the Manage loan applications list. By clicking review on the application the detail page will show.

By clicking further on the tabs at the top we can explore the Credit Check and the history, we can look at the signatures and the history of past loans and invoices.

We now have three choices:

• Approve the loan with standard terms
• Reject the loan application
• Modify the terms

Modify terms

We have an option to suggest new terms to the borrower after we have looked at the details. We do this by clicking on Modify Terms and then entering new values.

An e-mail will then be sent to the borrower saying that new terms have been offered. The borrower can log on and select if the new terms should be accepted or not. If accepted the borrower will have to sign the loan terms again with electronic id. The borrower can also select to decline on the offer and the loan application becomes closed.

Once we click Approve Loan Application the allocation dialogue will open.

All the available lenders will be listed in this view with the available amount to be allocated to each lender. Once we click apply the loan will be allocated to these lenders and the Settlement orders created.