This DNAapp allows a Financial Institution to analyze and recommend quickly the maximum loan amount a client may qualifies for using certain financial information like income level, current loan debt and provide a graphical represenation of the loan amount payment schedule of the client.
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This DNAapp allows a Financial Institution to analyze and recommend quickly the maximum loan amount a client may qualifies for using certain financial information like income level, current loan debt and provide a graphical represenation of the loan amount payment schedule of the client.
Processing:
This application is available from the new screen Loan Eligibility Calculator. This application enables the Financial Institution to:
- Provide the maximum eligible loan amount for a customer based on the income level of customer and his/her spouse.
- Calculate the maximum purchase price based on the loan calculated and Loan to Value ratio of the Financial Institution and also calculate the loan deficit for the customer based on the loan requirement of the customer.
- Provide the graphical representation of the payment schedule of the customer based on the eligible loan amount and calculated installment. This graphical representation of payment schedule will be on yearly basis irrespective of the payment frequency selected by the user, which implies that all the payments will be added up together to display the yearly value in the graph.
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This DNAapp is compatible with DNA 3.0 or higher. You will need to download and install the Configuration Toolkit which will configure DNA to load and manage DNAapps. This toolkit is included in the DNA release CD since DNA 3.3 and will be updated here whenever a more recent release is available.